Repeat Performance RD Plan
Safe, Consistent, Profitable.
Repeat Performance
RD Plan
A recurring deposit means making Regular deposit. it is provided by the nidhi company. where people can make regular deposits and earn decent returns on their deposits. This scheme is meant for investors who went despite a fixed amount every month, in order to get a lump sum after some year.
The minimum period of recurring deposit is six months and maxim is 5 years.
Repeat Performance RD Plan
| Period | Annual RD Scheme | |
|---|---|---|
| Months | Min. Amount | Rate of Intrest%* |
| 12 | Rs. 500 | 7.00% |
| 24 | Rs. 500 | 7.25% |
| 36 | Rs. 500 | 7.50% |
*Interest Rates are Annual. *Terms and Conditions Apply.
| Months | Amount | Intrest Rate % | ||
|---|---|---|---|---|
| 12 | Rs. 500 | 7% | Multiples of 100 | |
| 24 | Rs. 500 | 7.25% | ||
| 36 | Rs. 500 | 7.50% | ||
RD Deposit Terms & Conditions
- Minimum amount to be deposited: Rs. 500 per month and in multiples of Rs. 100 thereafter.
- Irregular Instalment Penalty – RS. 2/- per month for every Rs. 100.
- All interest payments are subjected to TDS deduction as per government instructions.
- Marurity : Maturity amount will be paid one month after paying the last installment or on the maturity due date. The larger amount will be applied in the event of a conflict.
- Maturity will be paid via A/C Payee cheque /RTGS/NEFT.
- Interest to be availed only on maturity.
- Minimum amount is 500/- per month and there after multiples of 500/-
- Interest rate will be calculated on yearly basis.
- All interest payments are entitled for TDS deduction as per government instruction.
- One month after paying the last installment or maturity amount due dates whichever is more will be applicable for payment of maturity amount.