Recurring Deposit - AZ CASE INDIA NIDHI LIMITED

Recurring deposit is a type of term deposit offered by AZ CASE INDIA NIDHI LIMITED which help people with regular incomes to deposit a fixed amount Daily or Monthly into their recurring deposit account and earn interest at the attractive rates offered by us. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made as per Recurring deposit Frequency. Recurring deposit schemes allow customers an opportunity to build up their savings through regular deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit with AZ CASE INDIA NIDHI LIMITED is six months and the maximum is Five years.

POPULAR RECURRING DEPOSIT SCHEMES:

RD DDS 365 DAYS 10 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	18250	19185.51
100	36500	38371.01
150	54750	57556.53
200	73000	76742.05
300	109500	115113.09
500	182500	191855.12
1000	365000	383710.32

RD DDS 730 DAYS 11 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	36500	40773.75
100	73000	81547.12
150	109500	122321.03
200	146000	163094.75
300	219000	244641.99
500	365000	407736.74
1000	730000	815473.51

RD DDS 1095 DAYS 11.5 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	54750	65231.38
100	109500	130462.78
150	164250	195694.13
200	219000	258920.05
300	328500	391388.22
500	547500	652313.89
1000	1095000	1304627.69

RD DDS 1460 DAYS 12 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	73000	93368.67
100	146000	186737.34
150	219000	280106.00
200	292000	373474.73
300	4380000	560212.03
500	730000	933686.74
1000	1460000	1867373.52

RD DDS 1825 DAYS 12.5 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	91250	126143.68
100	182500	252287.29
150	273750	378430.96
200	365000	504574.64
300	547500	756861.98
500	912500	1261436.63
1000	1825000	2522873.25

RD 12 MONTH 10 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
300	3600	3799.53
500	6000	6332.59
1000	12000	12665.18
2000	24000	25330.34
3000	36000	37995.54
5000	60000	63325.86
10000	120000	126651.72

RD 24 MONTH 11 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
300	7200	8077.86
500	12000	13463.15
1000	24000	26926.15
2000	48000	53852.15
3000	72000	80778.84
5000	120000	134631.38
10000	240000	269262.76

RD 36 MONTH 11.5 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
300	10800	12925.61
500	18000	21542.61
1000	36000	43082.25
2000	72000	86170.55
3000	108000	129255.77
5000	180000	215426.35
10000	360000	430852.71

RD 48 MONTH 12 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
300	14400	18504.03
500	24000	30840.03
1000	48000	61680.06
2000	96000	123360.12
3000	144000	185040.15
5000	240000	308400.30
10000	480000	616800.60

RD 60 MONTH 12.5 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
300	18000	25003.50
500	30000	41672.45
1000	60000	83344.88
2000	120000	166689.75
3000	180000	250034.59
5000	300000	416724.43
10000	600000	833448.82

V.I.P DDS 365 12.5 %

MIN AMOUNT	PRINCIPLE AMOUNT	MATURITY
50	18250	19425.87
100	36500	38851.73
150	54750	58277.59
200	73000	77703.48
300	109500	116555.20
500	182500	194258.66
1000	365000	388517.33

Tenure Of Payment

The tenure of account is 12 months and above.

Mode Of Payment

All payments to the Company shall be made either in cash or by cheque draft against the receipt countersigned by its authorised signatory by any mode or media other than mentioned above shall be at the member account holder’s own riks. The cheque/draft shall be credited in the name of member account holder subject to clearance by the bank. Out station cheques shall not be accepted.

Issue Of Passbook:

A passbook will be issued to every Member Account Holder.The Member Account holder shall get the passbook updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts dully countersigned by the authorised signatory of the branch office bearing seal. Payment shall be made on basis of receipts only.

Terms & Conditions

It is mandatory to be a member in the Company.
Company will issue shares worth Rs.100/- to member for RD Plan.
Interest will be calculated on yearly basis.
Recurring deposit minimum amount Rs.50/-,thereafter in multiple of Rs.50/-.
Irregular deposits are not entitled for pre mature payment and loan facility against it.
After maturity date,payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account.No deduction will be made on the principal amount of such loan.