Recurring Deposit

RECURRING DEPOSIT is a Special kind of Term Deposit Offered by Bachhat Vision Nidhi Limited which help member with regular Incomes to deposit a fixed amount in every month into their Recurring Deposit account and earn Interest at the rate applicable


SILENT FEATURES*
  • There can be only one Nominee for a Deposit account whether hold single or jointly.
  • A person legally empowered to operate a Minor's account can file a nomination on behalf of the Minor.
  • Applicants can make Nomination by filling up prescribed form
  • The Nomination details can be changed during the subsistence of the account relationship by filling up prescribed form

For more details approach your Branch


REGULAR RECURRING DEPOSIT (RD-R)
Period Rate of Interest
12 - 60 Months 6% - 9.25%
  • • Minimum instalment amount 500/-.
  • • Minimum 10 shares.
  • • Minimum period 1 year and maximum period is 5 year.
  • • Providing the loan facility. The loan can be given up to 50% of the amount standing the credit of the account holder.
  • • Standing instruction facility will enable automatic transfer of instalment amount from your savings account.
  • • DepositCannot be withdrawn before mature and interest is paid on maturity on quarterly compounding basis.
  • **As per demand

FLEXI RECURING DEPOSIT (RD-F)

A Flexi recurring deposit is a type of term deposit which allows you the flexibility of varying monthly instalments

SPECIAL RECURING DEPOSIT (RD-S)
Period Rate of Interest
36 - 60 Months UPTO 9.25%
  • Minimum monthly instalment amount is Rs 1000/-
  • Minimum 200 Shares.
  • The minimum and maximum period of deposit will be 36 and 60 months.
  • Providing the loan facility. The loan can be given up to 90% of the amount standing the credit of the account holder
  • Standing instruction facility will enable automatic transfer of instalment amount from your savings account
  • Deposited Amount cannot be withdrawn before mature and interest is paid on maturity on quarterly compounding basis.
  • Special Cash Back on Quarterly, Half Yearly & Yearly EMI Deposited up to 2%.
  • ** As per demand

Period Rate of Interest
36 - 60 Months UPTO 7.25%
  • • Minimum 100 Shares.
  • • Maximum instalment amount is 10 times of the first instalment amount.
  • • The minimum and maximum period of deposit will be 36 and 60 months.
  • • Standing instruction facility will enable automatic transfer of instalment amount from your savings account
  • • Interest cannot be withdrawn before deposit becomes mature and interest is paid on maturity on quarterly compounding basis
  • • Any time you can withdrawal 25 % deposited amount within a one quarter.
  • • Locking Period 12 Months.
  • • 5% Processing charge will be on withdrawal Amount.
  • ** As per demand