Recurring Deposit Scheme

  

Shree Maa Laxmi gives option to their members to pay online installment of RD. They need not to come at the branch to pay the installment.

Recurring Deposit Scheme :

  • Interest calculation yearly compound.
  • Defaulters will be charges at the rate of 2% per month per installment.
  • The amount on maturity will be paid after one month of the last installment has been paid or the date of payment whichever is later.
Chart is as follows :-

12 month @ 10%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 6000 325 6325
1000 12000 650 12650
1500 18000 975 18975
2000 24000 1300 25300
5000 60000 3250 63250
10000 120000 6500 126500

24 month @ 10.5%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 12000 1348 13348
1000 24000 2696 26696
1500 36000 4045 40045
2000 48000 5393 53393
5000 120000 13483 133483
10000 240000 26966 266966

36 month @ 11%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 18000 3247 21247
1000 36000 6494 42494
1500 54000 9742 63742
2000 72000 12989 84989
5000 180000 32474 212474
10000 360000 64948 424948

48 month @ 12%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 24000 6540 30540
1000 48000 13080 61080
1500 72000 19620 91620
2000 96000 26160 122160
5000 240000 65399 305399
10000 480000 130798 610798

60 months @ 12%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 30000 10595 40595
1000 60000 21189 81189
1500 900000 31784 121784
2000 120000 42379 162379
5000 300000 105947 405947
10000 600000 211894 811894

72 month @ 12%

Monthly Deposit Amount Total Deposit Interest Maturity Amount
500 36000 15856 51856
1000 72000 31712 103712
1500 108000 47568 155568
2000 144000 63424 207424
5000 360000 158561 518561
10000 720000 317121 1037121