Grow your savings with regular monthly deposits and enjoy higher interest rates, offering flexibility and enhanced returns.
XLNC – RECURRING DEPOSIT PLUS (XRD PLUS)
DEPOSIT Rs. 1000/- PER MONTH FOR 60 MONTHS AND GET DOUBLE OF YOUR PAID AMOUNT ON 106TH MONTH. INVEST MINIMUM OF Rs. 1,000 AND IN MULTIPLE OF Rs. 1,000/-
TERMS & CONDITION
- Recurring account can be open with minimum of Rs. 500 and in multiple of Rs 50.
- 1 year RD interest is calculated on quaterly compounding basis. 2 years and above RD interest are calculated on annual compounding basis.
- Defaulters will be charged at the rate of 2% per month installment with a maximum period of three month. After this the total deposited amount will be paid back to the investor after the locking period with the following rates of interest: 0-6 months – not applicable,7-11 months @4.5% P.A. , 12-18 months @ 5% P.A., 19-24 months @5.5% P.A., 30-59 months @6% P.A.
- The monthly deposit of installment will attract a grace period of 15 days, after which the RD will be considered as an irregular account and will
attract late fee. - Irregular account can not ask for premature payment.
Premature Withdrawal Terms & condition
- 24 Months RD – No premature withdrawal is allowed.
- 36 Months RD – premature withdrawal is allowed only after completion of 18 Months where an investor will attract interest of @5%p.a. Only.
- 48 Months RD – premature withdrawal is allowed only after completion of 24 month where an investor will attract interest of @5.5%p.a. Only.
- 60 Months RD – premature withdrawal is allowed only after completion of 30 month where an investor will attract interest of @6% p.a. Only.
Save More, Earn More.
Grow your savings with regular monthly deposits and enjoy higher interest rates, offering flexibility and enhanced returns.
