Recurring Deposits are an investment tool which allows investors to make regular monthly payments and save money for the long term. Investors can choose the tenure of the deposit and the minimum monthly payment they wish to make according to their convenience. RD schemes make a great choice for salaried individuals who earn a fixed income every month and can invest a regular amount every month. Given the fact that FDs are rigid and are not ideal for short terms, a Recurring Deposit is an ideal investment cum savings option.
| Recurring Deposit Scheme @ 9% Per Annum (R.D) | |||||
|---|---|---|---|---|---|
| Monthly Amount | 12 Months Matured Amount | 24 Months Matured Amount | 36 Months Matured Amount | 48 Months Matured Amount | 60 Months Matured Amount |
| 2,000 | 25,194 | 52,732 | 82,835 | 1,15,739 | 1,51,706 |
| 5,000 | 62,984 | 1,31,831 | 2,07,086 | 2,89,347 | 3,79,264 |
| 10,000 | 1,25,968 | 2,63,662 | 4,14,173 | 5,78,693 | 7,58,528 |
| 15,000 | 1,88,952 | 3,95,493 | 6,21,259 | 8,68,040 | 11,37,792 |
| 20,000 | 2,51,936 | 5,27,324 | 8,28,345 | 11,57,386 | 15,17,056 |
| 25,000 | 3,14,920 | 6,59,155 | 10,35,431 | 14,46,733 | 18,96,320 |