Recurring Collection
It is a deposit scheme in which members with fixed or regular incomes , deposit a fixed amount every month in their Recurring Deposit Account.
| Amount | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
|---|---|---|---|---|---|
| 200 | 2534 | 5361 | 8493 | 12101 | 16049 |
| 500 | 6335 | 13405 | 21235 | 30252 | 40123 |
| 700 | 8869 | 18767 | 29729 | 42353 | 56172 |
| 1000 | 12670 | 26810 | 42470 | 60504 | 80246 |
| 2000 | 25340 | 53620 | 84940 | 121008 | 160492 |
| 3000 | 38010 | 80430 | 127410 | 181512 | 240738 |
| 5000 | 63350 | 134050 | 212350 | 302520 | 401230 |
Features And Benefits
In this scheme a member deposits a fixed amount of money every month for a fixed tenure.
This scheme helps to save regularly for a certain period of time to earn a higher interest rate and benefits to get a lump sum amount.
In case of withdrawal before the completion of tenure, the member is not applicable for any interest .