Terms & Conditions

• Recurring account can be open with minimum of Rs. 500 and in multiple of Rs 50.
• 1 year RD interest is calculated on quaterly compounding basis. 2 years and above RD interest are calculated on annual compounding basis.
• Defaulters will be charged at the rate of 2% per month installment with a maximum period of three month. After this the total deposited amount will be paid back to the investor after the locking period with the following rates of interest: 0-6 months - not applicable,7-11 months @4.5% P.A. , 12-18 months @ 5% P.A., 19-24 months @5.5% P.A., 30-59 months @6% P.A.
• The monthly deposit of installment will attract a grace period of 15 days, after which the RD will be considered as an irregular account and will
  attract late fee.
• Irregular account can not ask for premature payment.

Premature Withdrawl Terms & condition

• 24 Months RD - No premature withdrawl is allowed.
• 36 Months RD - premature withdrawl is allowed only after completion of 18 Months where an investor will attract interest of @5%p.a. Only.
• 48 Months RD - premature withdrawl is allowed only after completion of 24 month where an investor will attract interest of @5.5%p.a. Only.
• 60 Months RD - premature withdrawl is allowed only after completion of 30 month where an investor will attract interest of @6% p.a. Only.