| MONTHLY DEPOSIT AMOUNT | 12 MONTHS / XRD 12 9.75% P.A. |
24 MONTHS / XRD 24 10.00% P.A. |
36 MONTHS / XRD 36 10.25% P.A. |
48 MONTHS / XRD 48 10.50% P.A. |
60 MONTHS / XRD 60 11.25% P.A. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| DEPOSIT AMOUNT |
PRODUCT VALUE |
DEPOSIT AMOUNT |
PRODUCT VALUE |
DEPOSIT AMOUNT |
PRODUCT VALUE |
DEPOSIT AMOUNT |
PRODUCT VALUE |
DEPOSIT AMOUNT |
PRODUCT VALUE |
|
| 500 | 6,000 | 6,317 | 12,000 | 13,283 | 18,000 | 21,013 | 24,000 | 29,647 | 30,000 | 39,841 |
| 1,000 | 12,000 | 12,634 | 24,000 | 26,565 | 36,000 | 42,027 | 48,000 | 59,294 | 60,000 | 79,683 |
| 2,000 | 24,000 | 25,268 | 48,000 | 53,130 | 72,000 | 84,053 | 96,000 | 1,18,588 | 1,20,000 | 1,59,366 |
| 3,000 | 36,000 | 37,901 | 72,000 | 79,695 | 108,000 | 126,080 | 144,000 | 177,882 | 1,80,000 | 239,049 |
| 4,000 | 48,000 | 50,535 | 96,000 | 106,260 | 144,000 | 168,107 | 192,000 | 237,176 | 2,40,000 | 318,732 |
| 5,000 | 60,000 | 63,169 | 120,000 | 132,825 | 180,000 | 210,133 | 240,000 | 296,470 | 300,000 | 398,414 |
1) Recurring account can be open with minimum of Rs. 500 and in multiple of Rs. 100.
2) Interest calculation yearly compounding rate of interest.
3) Defaulters will be charged at the rate of 2% per month installment with a maximum period of three months. After this the total deposited amount will be paid back to the investor after the lock-in period with the following rate of interest: 0 to 6 months - no interest, 7 to 11 months @4.5% p.a., 12 to 18 months @5% p.a., 19 to 24 months @5.5% p.a., 30 to 59 months @6% p.a.
4) The monthly deposit of installment will attract a grace period of 07 days, after which the RD will be considered as an irregular account and will attract late fee.
5) Irregular account cannot ask for premature payment, irregular accounts will not attract the above mentioned interest amount.
6) For monthly deposit amount of Rs. 500, Rs. 300 will be paid as agent commission.
7) TDS will be applicable as per government rules.
8) Nomination facility is available.
A) Upto 24 Months RD - No premature withdrawal is allowed.
B) 36 Months RD - Premature withdrawal is allowed only after completion of 18 months where an investor will attract interest of 5% p.a. only.
C) 48 Months RD - Premature withdrawal is allowed only after completion of 24 months where an investor will attract interest of 5.5% p.a. only.
D) 60 months RD - Premature withdrawal is allowed only after completion of 30 months where an investor will attract interest of 6% p.a.
IMPORTANT NOTE: This app, BankLee, is NOT affiliated with any financial institution.
Calculated results may have inaccuracies, discrepancies, or errors.
Please verify all calculations with official sources.