Recurring Deposit account is opened by that individual who wants to save regularly for certain period of time and can earn good rate of interest.

In recurring deposit a member can open an account of minimum of Rs 500/- or in multiple of Rs 100/- is accepted every month for a specified period ( one year to seven year ) and the total amount is repaid with interest at the end of the particular period.

UNIT PRICE	PERIOD	TOTAL DEPOSIT	ROI	MATURITY AMOUT
1000	12 MONTHS	12000	7.50%	12496
1000	24 MONTHS	24000	8.00%	26091
1000	36 MONTHS	36000	8.50%	41093
1000	48 MONTHS	48000	9.00%	57869
1000	60 MONTHS	60000	9.50%	76872
1000	72 MONTHS	72000	10.00%	98660
1000	84 MONTHS	84000	10.50%	123931

Features of Nitya Nidhi Recurring Deposit Account

• In Nitya Nidhi minimum amount that can be deposited is Rs 500/- at regular interval.
• The period of deposit is minimum one year and maximum seven years.
• The rate of interest is 7.50% to 10.50% p.a