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Future Safe To Become Millionaires Within Years

Recurring Deposit is a special kind of Term Deposit which is offered by banks in India which help people with regular incomes to deposit a fixed amount every month and earn interest at the rate applicable to Fixed Deposits.

 Our bank also have  RD facility. It helps our customers to make long term savings by systematic investment.

The following table shows how  can achieve Rs.10 lakhs by different periods and different instalments.

(Renewed rates as on 01.06.2016)

For Individuals (Rate of interest 8.25 %)-- RD 001

Monthly instalment

Year

Maturity value

13650

5

1008214

10850

6

1003406

8900

7

1002429

7450

8

1001625

6350

9

1003670

5450

10

1000711


For Senior citizens (Rate of interest 8.75%) -- RD 003

Monthly instalment

Year

Maturity value

13400

5

1002983

10650

6

1000891

8750

7

1004413

7300

8

1003207

6200

9

1004694

5300

10

1000798

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