thanamaheshpatpedhi

RECURRING DEPOSIT SCHEME

Though travel, homes and personal goals are expensive, invest and save in small amounts to make them all happen. THANA MAHESH PATPEDHI Recurring Deposit Scheme makes sure you receive attractive interest rates on your investment.

Period	Per Month Rd Amount	Maturity Amount
12 Months	Rs. 500/-	Rs. 6275/-
12 Months	Rs. 1,000/-	Rs. 12,550/-
12 Months	Rs. 2,500/-	Rs. 31,375/-
12 Months	Rs. 5,000/-	Rs. 62,750/-
12 Months	Rs. 10,000/-	Rs. 1,25,500/-

Interest rate on RD Accounts:

Minimum 12 Months @ 8.00% PA
13 Months & above @ 8.50% PA

In case of premature withdrawal, the rate of interest will be reduced by 1% PA from the applied rates to the period of deposit already held in the society.

Features & Benefits:-

Invest small amount every month
Facility of Standing Instruction through which the amount can be debited from your savings account
Attractive Interest Rates
Scheme applicable from 12 months to above.
Amount of installment once fixed, cannot be changed
The member can choose to nominated another individual to receive the benefits in the event of his/her unfortunately death.
Recurring deposits are accepted in equal monthly installments of minimum Rs 1000/-

Terms & Conditions:-

In the case of premature withdrawals, the rate of interest will be reduce by 1% PA from the applicable rates to the period of deposit already held in the society and the excess interest paid would be deducted from the principle amount.
In case of premature withdrawal, the rate of interest will be reduce by 1% PA from the applicable rates to the period of deposit already held in the society.
Penalty for delayed monthly installment Rs.2 per Rs.100/-
In case of payment before maturity interest up to 90days will be nil
Above 90days 1% less that applicable rate of interest for the actual periods for which deposit is kept with the society.