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/- |