RECURRING DEPOSIT PLAN ...

RECURRING DEPOSIT PLAN ...

MONTHLY TENURE DEPOSITED AMOUNT MATURITY SECURED LOAN
AFTER 15 MONTHS AFTER 22 MONTHS AFTER 30 MONTHS
500 12 6000 6540 NIL NIL NIL
300 24 7200 8136 50% NIL NIL
200 36 7200 8640 50% 75% NIL
100 60 6000 8250 50% 75% 80%
Term & Conditions-
* Member are entitled are entitled to take loan the extent of amount percentage as specified as specified in the table above.
* Members would be allotted a passbook against his/her recurring deposit and is bind by the terms and conditions mentioned there in.
* Loan secured against deposit shall be provided at an interest of 2% compounded per month.