Plans - Anmol Recurring Deposit Plan

Interest rates Effective From 1st feb, 2014
RD is a product where you have to deposit money every month to get a cumulative return at the end of the tenure. RD products are available for tenures ranging from 1 Year, 2 Years, 3 Years, 4 Years, 5 Years and 6 Years giving returns of 9.50% p.a., 10% p.a., 10.50% p.a., 11.00% p.a., 11.50% p.a. and 12.50% per annum respectively.

Period Rate of Interest
(in%)
Maturity (in Rs)

1 Year

9.50

1262.00

2 Year

10.00

 

3 Year

10.50

4218.00

4 Year

11.00

5988.00

5 Year

11.50

8018.00

6 Year

12.50

10530.00


TERMS & CONDITIONS

  1. Recurring account can be opened with minimum Rs. 100 and further in multiple of Rs. 100.
  2. Interest calculation would be monthly compound.
  3. Penalty would be charged at the rate 2% per month on defaulters
  4. Maturity would be paid after one month of the last installment date or the date of payment whichever is later.
  5. Premature withdrawal or loan against deposits would not be available on irregular accounts. The account would be considered as irregular account even for single installment. It would come under the category of regular account, on receipt of all the due installments with penalty.
  6. Late fee is charged after 15 days from due date.
  7. LOAN FACILITY :
  8. 1 Year's Deposits Pian Not Available
    2 Year's Deposits Plan After receipt of 12 installments 70 percent loan of total deposit amount.
    3-6 Year's Deposits Plan After receipt of 18 installments 70 percent loan available of total deposit amount.
  9. Rate of Interest on loan against deposits would be charged 7.5% higher than applicable rate of interest.
  10. WITHDRAWAL BEFORE MATURITY
  11. 1 Year's Deposits Pian No premature withdrawal facility is available.
    2-3 Year Deposits Plan Premature withdrawal facility is available after 18 months. On withdrawal After 18 months Simple interest @ 5% per annum would be payable on the amount deposited in R.D. scheme.
    4-6 Year Deposits Plan Premature withdrawal facility is available after 36 months. On withdrawal After 36 months Simple interest @ 5% per annum would be payable on the amount deposited in R.D. scheme.
  12. In case of death of member customer payment would be paid to the legal heirs or to the nominee on claim. No

Copyright © 2014 anmolcredit.in. All rights reserved. Powered By Gati Technologies .