GLI Recurring Deposit Scheme Interest

Our-Schemes

 
 
 
RD 1 Year (12 Months)
Rate of Interest - 7.5%
Deno Deposit Amount Maturity
200 2400 2499
300 3600 3749
500 6000 6249
1000 12000 12498
1500 18000 18748
2000 24000 24997
3000 36000 37496
5000 60000 62494
RD 2 Year (24 Months)
Rate of Interest - 7.75%
Deno Deposit Amount Maturity
200 4800 5207
300 7200 7811
500 12000 13018
1000 24000 26036
1500 36000 39055
2000 48000 52073
3000 72000 78110
5000 120000 130184
RD 2.5 Year (30 Months)
Rate of Interest - 8%
Deno Deposit Amount Maturity
200 6000 6661
300 9000 9992
500 15000 16654
1000 30000 33309
1500 45000 49964
2000 60000 66618
3000 90000 99928
5000 150000 166547
RD 3 Year (36 Months)
Rate of Interest - 8.5%
Deno Deposit Amount Maturity
200 7200 8226
300 10800 12339
500 18000 20565
1000 36000 41131
1500 54000 61697
2000 72000 82263
3000 108000 123395
5000 180000 205669
RD 4 Year (48 Months)
Rate of Interest - 8.75%
Deno Deposit Amount Maturity
200 9600 11528
300 14400 17292
500 24000 28821
1000 48000 57642
1500 72000 86463
2000 96000 115284
3000 144000 172927
5000 240000 288212
RD 5 Year (60 Months)
Rate of Interest - 9.1%
Deno Deposit Amount Maturity
200 12000 15239
300 18000 22858
500 30000 38097
1000 60000 76195
1500 90000 114293
2000 120000 152391
3000 180000 228587
5000 300000 380979

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 duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.
Tenure of Payment
The tenure of tile 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 countersingned by its authorized signatrory Payments by any mode or media other than mentioned above shall be at the member account holder’s own risk. The cheque/draft shall be creadited in the name of member account holder subject to clearance by the Bank. Out station Cheques shall not be accepted.
Terms & Conditions:-
1. It is mandatory to be a member in the Company
2. Company will issue 1 shares (10/-Rs) for RD Plan.
3. Interest will be calculated an yearly basis.
4. GLI Recurring Deposit minimum amount Rs 100/- thereafter in multiples of Rs100/-
5. Loan on deposits will be charged at 18% yearly compound interest basis.
6. 1 month after Paying last in statement or maturity amount due date whichever is more will be applicable for Payment of maturity amount.
7. Irregular deposits are not entitled for pre mature Payment and loan facility against it
8. On irregular deposits if all irregulat pending deposits are paid tham such account will be treated as regular . Even if there is default in Payment of I instalmen, the said account will be treated as irregular.
9. After maturity date, Payment on iregular accounts will be made after deducting, the penalty amount maximum to the limit of interest earned on such account No. deductions will be made on principle amount of such account.
10. RD will not be premature.
11. After depositing the premium of 6 months any type of interest will be paid
12. If any Person premature its RD then the person will be paid 5% less of maturity interest after 6 month to 60 months (5years)
T&C

 
 

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