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RECURRING DEPOSITS (RD) :-

The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure (mostly ranging from one year to five years). This scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years. The small monthly savings in the Recurring Deposit scheme enable the depositor to accumulate a handsome amount on maturity. Interest at term deposit rates is computable on quarterly compounded basis.


Details of the annual Recurring (RD) Scheme
Period Annual interest rate Maturity Amount 1000 Per Month
36 months 12 percent 43,425/-
Terms and Conditions
1. Interest calculated at an annual rate
2. The minimum investment plan of Rs 100 and in multiple of Rs. 100
3. 6 months after the credit facilities on regular accounts, up to 75 percent of deposits
4. Against 18.8 percent monthly compounded interest on deposits
5. No payment shall be made before 18 months
6. 3 months to 12 months no interest, pre-pay service tax at 25 percent applicable.
7. Irregular payments and credit accounts are not available early on.
8. After maturity, interest or other benefits will be payable.
9. Changes in the terms of the plan, renovation, addition and amend by the Janasamruddhi Multipurpose Co-operative Society Ltd.
Three-Year and Five-year Recurring Deposit (RD) Plan *
Table 1
Period 36 months 60 months
Annual interest rate 12 percent 9 percent
Table 2 pre-pay the facility
36 months 60 months
  1. No Payment till 18 months.
  2. 3 months to 12 months no interest.
  3. 24 months later and 36 months before the 8% interest
  4. Pre-pay service tax at 25 percent applicable.
  1. No Payment till 24 months
  2. 3 months to 36 months No interest
  3. 36 months later and 48 months before the 8 % interest
  4. Pre-pay service tax at 25 percent applicable.
Terms and Conditions
1. The minimum investment plan of Rs 100 and in multiple of Rs. 100
2. Interest calculated by Compound Interest Basis
3. Only a year after of regular accounts, credit facilities is available, but receive 12 Instalment
4. Loan is available on 75 percent of deposit amount
5. Irregular accounts and pre-pay and interest on the loan facility not available
6. Interest is payable at maturity
7. All right is reserved by Janasamruddhi Multipurpose Co-operative Society Ltd. to close all scheme without notice and all amount to be paid with interest
8. Irregular accounts may be regular by pay services charges at 3 percent.
9. Pre-payment facilities basis on Table No. 2
10. Changes in the terms of the plan, renovation, addition and amend by the Janasamruddhi Multipurpose Co-operative Society Ltd.
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