Recurring Deposit (RD)
Recurring Deposit (RD) is a unique sort of term store by Nidhi which fulfills the need of putting something aside for the individuals with a normal wage by influencing them to store a settled sum consistently. On the off chance that you have a feeling that you have to spare however can’t as you don’t precisely know how and where to pool some sum out of your pay, Recurring Deposit Schemes would end up being the best alternative for you. The best element of this plan is the way that you don’t need to store a singular amount sum, begin it with your initial 1000’s. Jayant India Nidhi Limited offers best interest rate. The store enables individuals with a chance to develop their investment funds through the standard month to month stores. The term for the store shifts from at least a half year to greatest 5 years with most astounding (RD) repeating Deposit Interest Rate.
Interest Rates On Domestics Deposits
|SR.NO.||Period||Interest Rates Recurring Deposits||Interest Rate F.D ( % P.A) For Senior Citizens|
|2||12 Months > 24 Months||8.75||7.75|
|3||24 Months> 36Months||9.25||9.25|
|4||36 Months > 48 Months||10||9.75|
|5||48 Months > 60 Months||10.5||10.5|
Minimum amount for the recurring deposit would be Rs.100-/ and
Maximum in multiple of Rs. 100/-
Features and Benefits
Build your savings on a regular basis
Save through mounted monthly deposits over a set amount. Total owed quantity, comprehensive of interest depends on the installment quantity and therefore the deposit amount.
Facility to encash Term Deposits prematurely
For Rupee Term Deposits of a contracted amount less than Rs. 5 Crores opened/renewed on or after May 1, 2014 (including Flexi deposits), interest rate shall be 1% below the card rate,
Avoid delayed payments
For Recurring Deposits opened on or after 9th August, 2016, in case of delay in payment of any instalment/s beyond the calendar month, the depositor/s shall be liable to pay a penalty at Rs. 10 per Rs. 1,000 per month for the period of delay.
How to Apply for Recurring Deposit
Open RD Account
Grow Your Money
Get the Maturity
Jayant India continual Deposit charge per unit offers you the advantage of earning a better rate of come on your systematic monthly deposits and gain with the advantage of a change of integrity. Jayant India provides its customers with the foremost engaging continual Deposit interest rates ranging from a minimum tenure of vi months to most of ten years.
To know the charge per unit of continual Deposit, click here
How to Apply
Apply for a continual Deposit online through net banking, mobile banking or by merely visiting your nearest Jayant India branch wherever our representatives will guide you thru the method. Here ar the five straightforward steps through that you’ll apply for Jayant India continual Deposit on-line through Jayant India net or Mobile Banking services.
You can book a continual Deposit through any of the below-mentioned channels:
Login to net Banking and choose the deposit possibility. To log in, click here.
Click on produce continual mounted Deposit
Fill within the needed account and political leader details
On confirmation, the chosen quantity are debited from your bank account and your mounted Deposit are created instantly. you’ll get an internet receipt of the continual mounted Deposit engaged instantly. the worth date for gap of the deposit and therefore the rate applicable are as per the date of request i.e. the day on that the bank account is debited.
Post creation, the continual mounted Deposit recommendation are armoured to your registered e-mail ID if you’re registered for Associate in Nursing e-statement and if not registered for e-statements, physical recommendation are sent to your communication address. you’ll be ready to additionally read the continual mounted Deposit recommendation in net Banking when one operating day of deposit booking.
Login in to Mobile Banking and choose the deposit possibility
Select Open RD
Fill within the needed account and political leader details
On confirmation, the chosen quantity is debited from your bank account and your mounted Deposit is created instantly. you’ll get an internet receipt of the continual mounted Deposit engaged instantly. the worth date for a gap of the deposit and therefore the rate applicable are as per the date of request i.e. the day on that the bank account is debited.
Post creation, the continually mounted Deposit recommendation is armored to your registered e-mail id if you’re registered for e-statement and if not registered for e-statements, Physical recommendation are sent to your communication address. you’ll be ready to additionally read the continually mounted Deposit recommendation in net Banking when one operating day of deposit booking.
Customer will visit their nearest Jayant India branch to open continual mounted Deposit.
Terms and Condition
Minimum Recurring Deposit would be ₹ 1000/- The recurring deposits shall be accepted for a minimum period of 6 months and a maximum period 60 months. Interest will be compounded on a quarterly basis.Mode of payment will be either cash or cheque. Interest will be compounded quarterly. Recurring Deposit cannot end in 3 months, no interest will be payable if the recurring deposit is closed within 6 months. If the RD foreclosed after 6 months, 2% of the interest amount will be charged.The charge of ₹25 per 1000/- will be demanded in case of default payment of installment.Irregular deposits are not entitled to pre-mature payment and loan facility against it. If there is a default in the payment of one installment than the account will be treated as an irregular account. After the maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made in the principal amount of such accounts. The company will repay the principal amount and interest to a nominee, in case of death of the depositor, at which it is accepted by RD plan in India.
What We Do
The Simplest Way of Building Wealth
If you’re a risk-averse capitalist, WHO needs to come up with wealth firmly and steady, a bank mounted deposit (FD) could be a worthy investment avenue….
Full Payment security
Jayant Bharat has introduced Associate in Nursing increased security feature adjustive authentication for net Banking customers.
Jayant India is always online to monitoring whole account’s details and always touch with his customer and quick connect with their customers .