Recurring Deposit is a product where you have to deposit money every month to get a cumulative return at the end of the tenure.
RD products are available for tenure ranging from 12 months, 24 months, 36 months, 48 months and 60 months giving returns 7.5%, 8.0%, 9.0%, 9.25% and 9.50% per Year respectively.
Year |
Monthly Deposit |
Percentage |
Maturity amount |
1 Year |
200/- |
7.50% |
2499/- |
2 Year |
200/- |
8.00% |
5218/- |
3 Years |
200/- |
9.00% |
8283/- |
4 Years |
200/- |
9.25% |
11636/- |
5 Years |
200/- |
9.50% |
15375/- |