Recurring Deposit

Recurring Deposit is a unique term deposit specifically designed for monthly income groups like the salaried class. The investors can systematically deposit a fixed amount from their savings into the Recurring Deposit every month and earn interest on par with fixed Deposits.

Recurring deposits are accepted with a minimum of 6 months period and a maximum of 10 years.

We'll never share your Mobile Number with anyone else.

Terms and Conditions

Minimum Deposit is Rs. 100 per month.
Interest is annual compounding.
No TDS shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited.
Recurring Deposits is not transferable.
Pre-closure is allowed subject to the applicable rate of Interest minus 1%.
Depositors can avail a loan against RDs.
In case of the death of the customer, the RD will be automatically transferred to Nominee as per the mandate.
Senior citizens will get 1% extra and 0.5% extra for women depositors (<60 years).
In case of RD Accounts Deposit is greater than Rs. 10,000 per month, RD interest rate is 9.75%.
Copyright © 2024 NavaShakthi Souhardha.