Madhuram Schemes
  Pension Plan
  Fixed Deposit Plan
  Recurring Deposit
  Monthly Income Scheme
  CRD Plan
 
 
 

Recurring Deposit:

Period  Rate of Interest (in %) Maturity Value Rd Deposit monthly Deposit Rs.1000
12 months 9.5 12630.67
24 months 10.5 26784
36 months 10.75 42575
48 months 10.75 60056
60 months 11 80028

 

Terms and Conditions:

1. Opening of RD Account with Minimum Rs. 500

2. Interest Calcultion Quarterly Compound

3. Defaulters will be charged at the Rate Rs. 2 % per month per Installment.

4. The Facility of Premature Payment is not applicable on Irregular Account

5. The Amount on Maturity will be paid after one month  of the Last Installment has been paid

6. Loan Facility -:

  • 12 month Deposit Scheme - Not Applicable 
  •  24 month Deposit Sheme - After Receipt of 12 Installment 80 percent loan on total Deposit
  •  36,48,60 month Deposit Scheme - After Receipt of 18 Installment 80 percent loan on Total Deposit

7. Payment Before Maturity -

  • 12 month Deposit Scheme - No Premature Facility
  • 24 month Deposit Scheme - No premature Payment till 18 months After that simple Interest @ 5 % per annum payble on the Amount Deposit in R.D. Scheme.
  • 36 month Deposit Scheme - NO Premature Payment Facility
  • 48 month Deposit Scheme - NO Premature Payment Facility
  • 60 month Deposit Scheme - No premature Payment till 36 months After that simple Interest @ 5 % per annum payble on the Amount Deposit in R.D. Scheme.
 
 
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