Suvarnkranti Urban Multistate Nidhi Limited

Recurring Deposit from Suvarnkranti Urban Multistate Nidhi Limited

A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically. In recurring deposit account Minimum amount Rs.100/- and multiplies of 100/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.

RDP	6 MONTH				1 YEAR				2 YEAR				3 YEAR				4 YEAR				5 YEAR
AMOUNT (RS.)	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT	Deposit AMOUNT	INTEREST AMOUNT	INCENTIVE AMOUNT	MATURITY AMOUNT
1000/-	6000	500	200	6700	12000	13500	2100	15600	24000	26644	3356	30000	36000	42241	6359	48600	48000	59737	7263	77000	60000	81115	8885	90000
2000/-	12000	1000	400	13400	24000	27000	4200	31200	48000	53288	6712	60000	72000	84482	12718	97200	96000	119474	14526	154000	120000	162230	17778	180000
3000/-	18000	1500	600	20100	36000	40500	6300	46800	72000	79932	10068	90000	108000	126723	19077	145800	144000	179211	21789	231000	180000	243345	26655	270000
4000/-	24000	2000	800	26800	48000	54000	8400	62400	96000	106576	13424	120000	140000	168964	25436	194400	192000	238948	29052	308000	240000	324460	35540	360000
5000/-	30000	2500	1000	33500	60000	67500	10500	78000	12000	133220	16780	150000	180000	211205	31795	243000	240000	298685	36315	385000	300000	405575	44425	450000
6000/-	36000	3000	1200	40200	72000	81000	12600	93600	144000	159864	20136	180000	216000	253446	38154	291600	288000	358422	43578	462000	360000	486690	53310	540000
7000/-	42000	3500	1400	46900	84000	94500	14700	109200	168000	186508	23492	210000	252000	295687	44513	340200	336000	418159	50841	539000	420000	567805	62195	630000
8000/-	48000	4000	1600	53600	96000	108000	16800	124800	192000	213152	26848	240000	288000	337928	50872	388800	384000	477896	58104	616000	480000	648920	71080	720000
9000/-	54000	4500	1800	60300	108000	121500	18900	140400	216000	239796	30204	270000	324000	380169	57231	437400	432000	537633	65367	693000	540000	730035	79965	810000
10000/-	60000	5000	2000	67000	120000	135000	21000	156000	240000	266440	33560	300000	360000	422410	63590	486000	480000	597370	72630	770000	600000	817150	88850	900000
20000/-	120000	10000	4000	134000	240000	270000	42000	312000	480000	532880	67120	600000	720000	844820	127180	972000	960000	1194740	145260	154000	1200000	1622300	177700	1800000
30000/-	180000	15000	6000	201000	360000	405000	63000	468000	720000	799320	100680	900000	1080000	1267230	190770	1458000	144000	1792110	217890	2310000	1800000	2433450	266550	2700000
40000/-	240000	20000	8000	268000	480000	540000	84000	624000	960000	1065760	134240	1200000	1400000	1689640	254360	1944000	192000	2389480	290520	3080000	2400000	3244600	355400	3600000
50000/-	300000	25000	10000	335000	600000	675000	105000	780000	1200000	1332200	167800	1500000	1800000	2112050	317950	2430000	2400000	2986850	363150	3850000	3000000	4055750	444250	4500000
100000/-	600000	50000	20000	670000	1200000	1350000	210000	1560000	2400000	2664400	335600	3000000	3600000	4224100	635900	4860000	4800000	5973700	726300	7700000	6000000	8111500	888500	9000000

Upto 11.5%

Interest Rate

12 Months

Min Tenure

100% Safe

No Risk

10000/-

Min amount

Features & Benefits

Safe investment: Recurring deposits carry no risk or very little at all. Choose a stable and secure Nidhi Company to ensure that your money is safe. Recurring deposits are just a simple investment of your money and do not dabble in the markets. Therefore the interest rate will not fluctuate and you do not stand to lose any money.
Earn while you save: Your deposit will earn interest from your first contribution. The interest accumulated will increase through your tenure. The longer you invest, the more interest you will earn.
Lump sum payout: At the end of the RD tenure, you will receive a lump sum of cash. This amount includes your contribution plus the interest earned. You can use the money to reinvest it or spend it on what you were saving for.
Loan Offers: When you have an RD with a Nidhi Company, you sometimes get pre-approved loan offers. In other cases, your loan applications will be given preference and your processing might be faster. In addition to this, banks offer concessional interest rates on loans as well.

Terms & Conditions:

Minimum FD would be of Rs. 10000/- and further in multiple of Rs. 1000/-
Interest will be calculated on yearly basis.
Recurring Deposit minimum amount Rs 500/- thereafter in multiples of Rs 100/-
Irregular deposits are not entitled for pre mature payment and loan facility against it.
On irregular deposits if all irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of installment the said account will be treated as irregular.
After maturity date payment on irregular accounts will be made after deduction the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
R.D. will not be premature within first 3 month.
If R.D. is matured after 3 month but before 6 month no interest will be paid.
If any person premature its R.D. then the person will be paid 2% less of maturity interest after 6 months to 60 months.
in case of death of a depositor, the company wiill repay to nominee or beneficiary the principal & interest, at which it was accepted.