Janakalyan Co-operative Credit Society Ltd.
[ An Urban Credit Co-operative Society (UCC) ]
"Add small to make large"
Recurring Deposit Plan
Recurring Deposit Scheme (RD)
If Monthly Deposit Amount is 100/-
|Plan & Duration||Interest Rate||Maturity Amount|
Terms & Conditions :
(1) Interest rates effective from April 01, 2017
(2) Minimum RD would be of Rs.100/-and further in multiple of Rs.100/-
(3) Interest will be calculated yearly via compound interest.
(4) Defaulters will be charged at the rate Rs. 2% per month per instalment.
(5) Members can premature this deposit as per following rules:-
* RD for 01 Year:- The member can not permitted prematurity.
* RD For 02 Years:- The member can get prematurity after 12 months.
* RD For 02 To 06 Years:- The member can get prematurity after 24 months.
* 2% will be deduct for Pre-maturity on receivable total according this time.
(6) The maturity amount will be transferred to Saving Account within 15 days.
(7) Loan available up to 80% of deposit amount. After receipt of 12 instalments.
* The facility of premature payment or loan against deposits is not available for irregular accounts.