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, 36 months, 60 months giving returns 7.5% , 9.0%, 9.5% per Annum respectively.
Year | Monthly Deposit | Percentage | Maturity amount |
---|---|---|---|
1 Year | 200/- | 7.5% | 2499/- |
3 Years | 200/- | 9.00% | 8283/- |
5 Years | 200/- | 9.5% | 15375/- |