Recurring deposit may be opened by Members who want to save certain fixed amount regularly for a certain period and earn a higher interest rate.
- Recurring Deposits may be made with Minimum amount of Rs.100 and in multiples thereof. Maximum will be as permissible by the Nidhi.
- Interest calculated on cumulative basis.
- Pre-closure allowed at any point of time after 3 months at the reduced rate of interest.
- Subscription Amount should be paid before end of the month to avoid additional interest.
Rate of Interest on Recurring Deposits
|RECURRING DEPOSITS ( Monthly Deposit of Rs.100/-)
|Maturity Value - GENERAL
||Rs. 1245 (6.78%)
||Rs. 2590 (7.25%)