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Recurring Deposit Scheme - Bundelkhand Vikas Nidhi Limited
Period BVN Alankarit Yojana 1yrs BVN Swarnim Yojana 2yrs BVN Pragati Yojana 3yrS BVN Veshes Yojana 4yrs BVN Jagarti Yojana 5yrs
Minimum Rs 100 and Multipleof Rs 100
Frequency of transaction Monthly
Rate of Interest 9.50% 10.50% 10.50% 11.00% 11.50%
Lock-in period 6 12 18 30 36
months months months months months
Maturity value of Rs 100 per Month deposit Rs.1261/- Rs.2667/- Rs.4215/- Rs.5983/- Rs.8010/-
Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
In recurring depost 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.
Features Recurring Deposit Account:-
➤ Minimum amount that can be deposited is Rs. 100/- at regular intervals.
➤ The period of deposit is minimum 1 year and maximum five years.
➤ The most attractive rate of interest of 9.50% p.a .
➤ Providing the loan facility .The loan can be given upto 90% of the amount standing the credit of the account holder.
➤ For premature settlement, 2% less than the contratced rate will be applicable