RECCURING DEPOSIT
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 |