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Recurring Deposits

RECURRING DEPOSIT SCHEME

Build your savings Rupee by Rupee through regular monthly deposits.
Plan your goals and invest consistently to achieve them. Recurring Deposit (RD) is an investment tool which permits those with an ability to make regular deposits earn decent returns on their investment. Our members can choose a fixed monthly amount to save and earn higher returns on their investment. The interest rate will not fluctuate & you do not stand to lose any money.

Goal-Oriented Savings

Flexible Tenure

Higher Interest Rates

Loan Facility on Your Deposit

PLAN RD-12M17 RD-18M17 RD-24M17 RD-30M17 RD-36M17 RD-48M17 RD-60M17
PERCENTAGE 9% 9.5% 10% 10.5% 11% 11.5% 12.5%
S. No. Monthly Quarterly Half Yearly Yearly Plan Amt. Maturity Plan Amt. Maturity Plan Amt. Maturity Plan Amt. Maturity Plan Amt. Maturity Plan Amt. Maturity Plan Amt. Maturity
1. 100 298 591 1164 1200 1258 1800 1935 2400 2654 3000 3421 3600 4245 4800 6042 6000 8211
2. 200 596 1182 2328 2400 2516 3600 3870 4800 5308 6000 6842 7200 8490 9600 12084 12000 16422
3. 300 894 1776 3492 3600 3774 5400 5805 7200 8962 9000 10263 10800 12735 14400 18126 18000 24633
4. 400 1192 2364 4656 4800 5032 7200 7740 9600 10616 12000 13684 14400 16980 19200 24168 24000 32844
5. 500 1490 2955 5820 6000 6290 9000 9675 12000 13270 15000 17105 18000 21225 24000 30210 30000 41055
6. 600 1788 3546 6984 7200 7548 10800 11610 14400 15924 18000 20526 21600 25470 28800 36252 36000 49266
7. 700 2086 4137 8148 8400 8806 12600 13545 16800 18578 21000 23947 25200 29715 33600 42294 42000 57477
8. 800 2384 4728 9312 9600 10064 14400 15480 19200 21232 24000 27368 28800 33960 38400 84326 48000 65688
9. 900 2682 5319 10476 10800 11322 16200 17415 21600 23886 27000 30789 32400 38205 43200 54378 54000 73899
10. 1000 2980 5910 11640 12000 12580 18000 19350 24000 26540 30000 34210 36000 42450 48000 60420 60000 82110

Terms & Conditions:

  • It is mandatory to become a member in Kaushik Laxmi Nidhi Limited to open a R.D. Account.
  • It is Mandatory to complete the KYC Norms.
  • Open an account with your choice of period from 1 Year to 5 Years.
  • Interest will be calculated on quarterly compound basis.
  • Interest amount is subject to TDS deductions as per existing income tax rules.
  • The Member Account Holder shall surrender the passbook and duly signed application to the company and the maturity shall be paid along with interest as per the above-mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period.
  • Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
  • Irregular deposits are not entitled loan facility against it.
  • On irregular deposits, if all irregular pending deposits are paid then such account will be treated as regular. However, if there is default in payment of even 1 installment, the said account will be treated as irregular.
  • At the time of maturity, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
  • Interest rates are subject to change at the sole discretion of the Kaushik Laxmi Nidhi Limited.
  • Kaushik Laxmi Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.