RD (RECURRING DEPOSIT)
Open a recurring deposit (RD) account online with Roxyment India Nidhi Bank and save up consistently and conveniently from today, so you can reap benefits tomorrow. With our RD facility, you can keep a track of your recurring transactions, avail a loan against your account and do so much more.
There’s more good news. Did you know that a recurring deposit can also be flexible? Yes, you read that right! Experience the privilege of no penalties for missed payments with iWish, a Goal based savings from Roxyment India Nidhi Bank.
Calculation of Deposits
Mode | Tenure | Rate Of Interest | Min Amount | Deposit Amount | Maturity |
|---|---|---|---|---|---|
Monthly | 24 Months | 8.50% | 1,000/- | 24,000/- | 26,245/- |
Monthly | 36 Months | 8.75% | 2,350/- | 84,600/- | 97,046/- |
Monthly | 36 Months | 9.00% | 5,000/- | 1,80,000/- | 2,07,307/- |
Monthly | 48 Months | 7.00% | 650/- | 31,200/- | 36,095/- |
Monthly | 60 Months | 9.00% | 2,500/- | 1,50,000/- | 1,89,975/- |
Monthly | 60 Months | 9.50% | 5,000/- | 3,00,000/- | 3,85,136/- |
Monthly | 60 Months | 10.00% | 8,500/- | 5,10,000/- | 6,63,700/- |
Quarterly | 20 Months | 9.00% | 22,500/- | 1,50,000/- | 1,62,297/- |
Quarterly | 20 Months | 9.50% | 34,500/- | 2,30,000/- | 2,49,947/- |
Quarterly | 28 Months | 9.65% | 52,500/- | 4,90,000/- | 5,50,972/- |
Half Yearly | 30 Months | 9.00% | 1,50,000/- | 7,50,000/- | 8,42,016/- |
Half Yearly | 30 Months | 10.00% | 2,10,000/- | 10,50,000/- | 11,93,998/- |
Recurring Deposit
Terms & Conditions
- Recurring account can be opened with minimum Rs. 100 /- and further in multiple
of Rs. 100/-. - Interest will be calculated monthly via Quarterly compound interest.
- Defaulters will be charged at the rate Rs. 2% per month per instalment.
- The amount on maturity will be paid one month after the last instalment has been paid or the date of payment whichever is later.
- LOAN FACILITY:
1. 12 months deposits scheme: Not available,
2. 24 months deposits scheme: After receipt of 12 installments 80% loan of total deposit amount. - ROI on loan against deposits would be charged 7.5% higher than applicable rate of interest.