Recurring Deposit Scheme

Experience the power of compounding with recurring deposit scheme from Dhanmangalya Nidhi. A Recurring Deposit offers a host of benefits to individuals, helping them save up for a rainy day. Ease of use and flexibility have made it a popular savings tool, with banks, post offices and Nidhi Company offering RDS. Which is best Recurring Deposit (RD) Schemes for 12 Months to 60 Months).

Recurring Deposit (RD) Account

Investment (Monthly) in Rs	Interest Rate	8.00%	8.25%	8.50%	8.75%	9%
Investment (Monthly) in Rs	Tenure (in months)	12	24	36	48	60
100.00	Maturity	1,252.93	2,615.99	4,109.30	5,756.46	7,585.28
200.00	Maturity	2,505.87	5,231.97	8,218.59	11,512.93	15,170.56
300.00	Maturity	3,758.80	7,847.96	12,327.89	17,269.39	22,755.85
500.00	Maturity	6,264.66	13,079.93	20,546.49	28,782.32	37,926.40
1000.00	Maturity	12,529.33	26,159.86	41,092.97	57,564.64	75,852.81
1200.00	Maturity	15,035.19	31,391.84	49,311.57	69,077.57	91,023.37
1500.00	Maturity	18,793.99	39,239.80	61,639.46	86,346.96	1,13,779.21
1800.00	Maturity	22,552.79	47,087.76	73,967.35	1,03,616.35	1,36,535.05
2000.00	Maturity	25,058.65	52,319.73	82,185.95	1,15,129.28	1,51,705.61
2500.00	Maturity	31,323.31	65,399.66	1,02,732.43	1,43,911.60	1,89,632.02
3000.00	Maturity	37,587.98	78,479.59	1,23,278.92	1,72,693.92	2,27,558.42

Terms & Conditions

Any individual can open RD Account.
Can be opened by Cash or Dhanmangalya Internal Cheque Facility.
Nomination facility is available at the time of opening and also after opening of account.
Multiple Accounts can be opened.
Minor after attaining majority has to apply for conversion of the account in his name
No premature allow within 90 days of opening RD Account and no interest will be pay if withdraw within 6 months.
3% p.a. Discount Rate will be applied for Premature of any RD on Annual Interest Rate, no deduction from principal amount