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
RD/M-6 6 610
RD/M-12 6.5 1242
RD/M-18 7.25 1911
RD/M-24 8.5 2616
RD/M-36 8.75 4108
RD/M-48 9 5752
RD/M-60 9.25 7574
RD/M-72 9.5 9607
RD/M-78 9.75 10757
WRD/M-84 9.75 11886
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.