Recurring Deposit Scheme
Recurring deposits shall be accepted for a minimum period of twelve months and a maximum period of sixty months. (3) In case of recurring deposits relating to mortgage loans, the maximum period of recurring deposits shall correspond to the repayment period of such loans granted by Nidhi.
Recurring Deposit: 12 Months
|
Sr No.
|
Min Amount
|
Total Dip- Amount
|
Maturity Amount
|
Multiple Amount
|
Interest Amount
|
Principal Loan
|
|
1
|
1000
|
12000
|
12809
|
100/-
|
12%
|
75%
|
|
2
|
2000
|
24000
|
25619
|
-
|
-
|
-
|
|
3
|
3000
|
36000
|
38428
|
-
|
-
|
-
|
|
4
|
4000
|
48000
|
51237
|
-
|
-
|
-
|
|
5
|
5000
|
60000
|
64047
|
-
|
-
|
-
|
|
6
|
6000
|
72000
|
76856
|
-
|
-
|
-
|
|
7
|
7000
|
84000
|
89665
|
-
|
-
|
-
|
|
8
|
8000
|
96000
|
102475
|
-
|
-
|
-
|
|
9
|
9000
|
108000
|
115283
|
-
|
-
|
-
|
|
10
|
10000
|
120000
|
128093
|
-
|
-
|
-
|
Recurring Deposit: 24 Months
|
Sr No.
|
Min Amount
|
Total Dip- Amount
|
Maturity Amount
|
Multiple Amount
|
Interest Amount
|
Principal Loan
|
|
1
|
1000
|
24000
|
27243
|
100/-
|
12%
|
75%
|
|
2
|
2000
|
48000
|
54486
|
-
|
-
|
-
|
|
3
|
3000
|
72000
|
81729
|
-
|
-
|
-
|
|
4
|
4000
|
96000
|
108972
|
-
|
-
|
-
|
|
5
|
5000
|
120000
|
136216
|
-
|
-
|
-
|
|
6
|
6000
|
140000
|
163459
|
-
|
-
|
-
|
|
7
|
7000
|
168000
|
190702
|
-
|
-
|
-
|
|
8
|
8000
|
192000
|
217945
|
-
|
-
|
-
|
|
9
|
9000
|
216000
|
245188
|
-
|
-
|
-
|
|
10
|
10000
|
240000
|
272432
|
-
|
-
|
-
|
Recurring Deposit: 36 Months
|
Sr No.
|
Min Amount
|
Total Dip- Amount
|
Maturity Amount
|
Multiple Amount
|
Interest Amount
|
Principal Loan
|
|
1
|
1000
|
36000
|
43507
|
100/-
|
12%
|
75%
|
|
2
|
2000
|
72000
|
87015
|
-
|
-
|
-
|
|
3
|
3000
|
108000
|
130522
|
-
|
-
|
-
|
|
4
|
4000
|
144000
|
174030
|
-
|
-
|
-
|
|
5
|
5000
|
180000
|
217538
|
-
|
-
|
-
|
|
6
|
6000
|
216000
|
261045
|
-
|
-
|
-
|
|
7
|
7000
|
252000
|
304553
|
-
|
-
|
-
|
|
8
|
8000
|
288000
|
348061
|
-
|
-
|
-
|
|
9
|
9000
|
336000
|
391568
|
-
|
-
|
-
|
|
10
|
10000
|
360000
|
435076
|
-
|
-
|
-
|
Recurring Deposit: 48 Months
|
Sr No.
|
Min Amount
|
Total Dip- Amount
|
Maturity Amount
|
Multiple Amount
|
Interest Amount
|
Principal Loan
|
|
1
|
1000
|
48000
|
61834
|
100/-
|
12%
|
75%
|
|
2
|
2000
|
96000
|
123669
|
-
|
-
|
-
|
|
3
|
3000
|
144000
|
185504
|
-
|
-
|
-
|
|
4
|
4000
|
192000
|
247339
|
-
|
-
|
-
|
|
5
|
5000
|
240000
|
309174
|
-
|
-
|
-
|
|
6
|
6000
|
280000
|
371009
|
-
|
-
|
-
|
|
7
|
7000
|
336000
|
432843
|
-
|
-
|
-
|
|
8
|
8000
|
384000
|
494678
|
-
|
-
|
-
|
|
9
|
9000
|
432000
|
556513
|
-
|
-
|
-
|
|
10
|
10000
|
480000
|
618348
|
-
|
-
|
-
|
Recurring Deposit: 60 Months
|
Sr No.
|
Min Amount
|
Total Dip- Amount
|
Maturity Amount
|
Multiple Amount
|
Interest Amount
|
Principal Loan
|
|
1
|
1000
|
60000
|
82486
|
100/-
|
12%
|
75%
|
|
2
|
2000
|
120000
|
164972
|
-
|
-
|
-
|
|
3
|
3000
|
180000
|
247459
|
-
|
-
|
-
|
|
4
|
4000
|
240000
|
329945
|
-
|
-
|
-
|
|
5
|
5000
|
300000
|
412431
|
-
|
-
|
-
|
|
6
|
6000
|
360000
|
494918
|
-
|
-
|
-
|
|
7
|
7000
|
420000
|
577404
|
-
|
-
|
-
|
|
8
|
8000
|
480000
|
659890
|
-
|
-
|
-
|
|
9
|
9000
|
540000
|
742377
|
-
|
-
|
-
|
|
10
|
10000
|
600000
|
824863
|
-
|
-
|
-
|