A Recurring Deposit (RD) is a financial instrument offered by banks and financial institutions that allows individuals to save a fixed amount of money regularly over a specified period. Unlike Fixed Deposits (FDs) where a lump sum amount is deposited for a fixed tenure, RDs allow you to deposit smaller amounts on a monthly basis, making it an ideal saving option for salaried individuals or those with regular income.
When you open a Recurring Deposit account, you choose the monthly deposit amount and the tenure of the deposit. The tenure can range from six months to ten years, depending on the bank’s offerings. Each month, you are required to deposit the predetermined amount into your RD account. The bank pays interest on the accumulated amount, which is compounded quarterly. At the end of the tenure, you receive the maturity amount, which includes the principal and the interest earned.
Choosing Shri Jai Siddhivinayak for your Recurring Deposit (RD) schemes is a smart financial decision. We offer unique, handcrafted RD schemes that ensure you can save systematically and earn substantial returns. With a minimum deposit amount of just ₹100 and increments in multiples of ₹100, our RD schemes are accessible to everyone, regardless of their income level.
At Shrisociety, we prioritise your financial growth and security. Our RD schemes are designed to help you set aside a portion of your earnings regularly, ensuring disciplined savings while maximising your returns. Our competitive interest rates and flexible tenures cater to your financial goals, whether you’re saving for education, marriage, or a dream purchase.
Keep aside a part of your earnings with our handcrafted RD Schemes that offer big returns on your money. MINIMUM DEPOSIT AMOUNT ₹ 100/- AND IN MULTIPLES OF ₹ 100
Join Shrisociety’s RD schemes today and take a significant step towards financial stability and prosperity.
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Shri Jai Siddhivinayak Nagri Sahkari Patsanshta ltd started 23/02/2004. (Our registration number is:CHD/RSR/(CR/384/2003/04. Shri Jai Siddhivinayak Nagri Sahkari Patsanshta ltd Provides Digital Banking Services.