Recurring Deposit

Recurring deposit is a type of term deposit offered by Samyak Sambuddha Nidhi which help people with regular incomes to deposit a fixed amount Daily or Monthly into their recurring deposit account and earn interest at the attractive rates offered by us. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made as per Recurring deposit Frequency. Recurring deposit schemes allow customers an opportunity to build up their savings through regular deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit with Samyak Sambuddha Nidhi is six months and the maximum is Five years.

POPULAR RECURRING DEPOSIT SCHEMES:

RECURRING DEPOSIT 365 DAYS

1 YEAR2 YEAR3 YEAR4 YEAR5 YEARYEAR
DEPOSIT
AMOUNT
Rate of Interest MATURITY AMOUNTMATURITY AMOUNT Rate of Interest MATURITY AMOUNT Rate of Interest MATURITY AMOUNT Rate of Interest MATURITY AMOUNT
10008%12,5338.25%26,1758.50%41,1328.75%57,6429.00%75,990
20008.25%25,1008.50%52,4908.75%82,5939.00%115,9049.25%153,013
30008.50%37,7018.75%78,9459.00%124,3849.25%174,7929.50%231,082
40008.75%50,3379.00%105,5409.25%166,5099.50%234,3119.75%310,210
50009.00%63,0079.25%132,2769.50%208,9709.75%294,46910.00%390,412
60009.25%75,7119.50%159,1549.75%251,77010.00%355,27110.25%471,700
70009.50%88,4509.75%186,17510.00%294,91010.25%416,72510.50%554,089
80009.75%101,22410.00%213,33810.25%338,39410.50%478,83610.75%637,592
900010.00%114,03310.25%240,64610.50%382,22410.75%541,61111.00%722,223
1000010.25%126,87610.50%268,09910.75%426,40211.00%605,05711.25%807,997

Daily Deposit Schemes

  12 MONTH 24 MONTH 36 MONTH 48 MONTH 60 MONTH
DEPOSIT AMOUNT ROI MATURITY AMOUNTROI MATURITY AMOUNTROI MATURITY AMOUNTROI MATURITY AMOUNTROI MATURITY AMOUNT
106%3,7627%7,8358%12,3729%17,56410%23,656
206%7,5247%15,6708%24,7449%35,12810%47,312
306%11,2857%23,5058%37,1179%52,69210%70,968
406%15,0477%31,3408%49,4899%70,25710%94,624
506%18,8097%39,1758%61,8619%87,82110%118,280
1006%37,6187%78,3498%123,7229%175,64110%236,560
2006%75,2357%156,6988%247,4459%351,28310%473,120
3007%113,4248%237,4589%376,98110%538,16811%729,071
4007%151,2328%316,6119%502,64210%717,55711%972,094
5007%189,0408%395,7639%628,30210%896,94611%1,215,118

Tenure Of Payment

The tenure of account is 12 months and above.

Mode Of Payment

All payments to the Company shall be made either in cash or by cheque draft against the receipt countersigned by its authorised signatory by any mode or media other than mentioned above shall be at the member account holder’s own riks. The cheque/draft shall be credited in the name of member account holder subject to clearance by the bank. Out station cheques shall not be accepted.

Issue Of Passbook:

A passbook will be issued to every Member Account Holder.The Member Account holder shall get the passbook updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts dully countersigned by the authorised signatory of the branch office bearing seal. Payment shall be made on basis of receipts only.

Terms & Conditions

  1. It is mandatory to be a member of the Company.
  2. Company will issue shares worth Rs.100/- to member for RD Plan.
  3. Interest will be calculated on a yearly basis.
  4. Recurring deposit minimum amount Rs.100/-, thereafter in multiples of Rs.100/-.
  5. Irregular deposits are not entitled to premature payment and loan facility against it.
  6. After the maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account.No deduction will be made on the principal amount of such loan.