Recurring deposit schemes are especially useful for regular depositors. In this scheme, savings can be increased by making regular deposits over a fixed period of time, which keeps the deposits safe along with the benefit of interest rate.
So that you can enjoy long-term financial benefits by making regular deposits. A recurring deposit plan gives you a systematic and regular return on your savings.
| Monthly payment amount | Annual interest rate for 6 months is 6.75% per annum. | Annual interest rate of 8% per annum for 12 months | Annual interest rate for 24 months is 8.50% per annum. | Annual interest rate of 9% per annum for 36 months | ||||
| 500 | 3,000 | 3,059 | 6,000 | 6,260 | 12,000 | 13,063 | 18,000 | 20,498 |
| 1,000 | 6,000 | 6,118 | 12,000 | 12,520 | 24,000 | 26,125 | 36,000 | 40,995 |
| 2,000 | 12,000 | 12,236 | 24,000 | 25,040 | 48,000 | 52,250 | 72,000 | 81,990 |
| 3,000 | 18,000 | 18,354 | 36,000 | 37,560 | 722,000 | 78,375 | 1,08,000 | 1,22,985 |
| 4,000 | 24,000 | 24,473 | 48,000 | 50,080 | 96,000 | 1,04,500 | 1,44,000 | 1,63,980 |
| 5,000 | 30,000 | 30,591 | 60,000 | 62,600 | 1,20,000 | 1,30,625 | 1,80,000 | 2,04,975 |
| 10,000 | 60,000 | 61,180 | 1,20,000 | 1,25,200 | 2,40,000 | 2,61,250 | 3,60,000 | 4,09,950 |
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