Recurring Deposit is a special kind of Term Deposit offered by PARLOAN which help members with regular incomes to deposit a fixed amount in every month into their Recurring Deposit account and earn interest at the rate applicable.

Fixed Deposit Features & Benefits:-
  • The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure
  • Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate
  • Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years.

SNo. Plan Type Minimum Deposit ROI(%) Maturity Amount(Rs)
1 12 Months 200 9 2519
2 24 Months 200 9 5273
3 36 Months 200 9 8283
4 48 Months 200 9 11574
5 48 month 200 9.5 15374