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Abhyudaya RD Schemes

Recurring Deposit (RD) Plans

Investment Amount

  • Invest ₹500/- every month for 12 months

Return on Investment

  • ₹6,264/- on maturity
  • Invest ₹2,000/- every month for 48 months
  • ₹1,13,323/- + ₹1,000/- Bonus on maturity
  • Invest ₹1,000/- every month for 36 months
  • ₹41,417/- on maturity at 9% Interest P.A.
  • Invest ₹1,200/- every month for 60 months
  • ₹89,819/- on maturity at 8.5% Interest P.A.
  • Invest ₹1,100/- every month for 120 months
  • ₹2,01,978/- on maturity
Abhyudaya RD Schemes

Recurring Deposit (RD) Plans

Who can open recurring deposit
  • Resident Individuals (individually or jointly)
  • By a natural guardian, i.e., father or mother on behalf of a minor, in which case the date of birth should be declared at the time of opening of account, or by a guardian appointed by Court.
  • A Co-operative Society through the persons authorized by its Board of Directors.

Minimum Instalment Amount
  • Rs. 500/-

Documents Required
  • Identity Proof and Address Proof: Passport, Aadhar Card, Driving Licence, Voter ID Card, Passport-size Photo.

Payment of Monthly Installments
  • Every Depositor shall pay the monthly deposit amount before the end of the month. Standing instructions from the Depositor for transfer of monthly installments from his/her Savings Bank or Current Accounts till the deposit matures will be accepted by the Bank, and such transfers will be effected by the Bank, free of charge.

Pass Book
  • Each Depositor will be supplied with a pass book in which the payment made in each month will be entered and acknowledged by the officer of the society.

Nomination
  • Nomination Facility is available.

Loan on Recurring Deposit
  • The Society may grant loans on the security of Recurring Deposit accounts not exceeding 80% of the balance at credit fixed by the Society from time to time.