Recurring Deposit (RD)
Small Savings. Big Returns. Secure Future.
The Recurring Deposit (RD) scheme at Devbag Credit Souharda Co-Operative Ltd. is designed to encourage regular savings and build financial discipline. It’s an ideal option for salaried individuals, homemakers, students, and anyone who wants to save a fixed amount every month and receive a lump sum with interest at maturity.
Whether you’re saving for a wedding, education, future investments, or simply want a safe savings plan, our RD offers attractive returns with complete security.
Whether you’re saving for a wedding, education, future investments, or simply want a safe savings plan, our RD offers attractive returns with complete security.
Key Features
- ✅ Competitive and attractive interest rates
- ✅ Monthly investment with flexible tenure options
- ✅ Secure and disciplined savings plan
- ✅ Nomination facility available
- ✅ Premature closure facility (as per terms)
- ✅ Passbook facility for easy tracking
- ✅ Guaranteed returns on maturity
RD Interest Rate Example
| Monthly Investment (₹) | Period in months | Total investment(₹) | Total returns(₹) |
|---|---|---|---|
| 500.00 | 60 | 30,000.00 | 41,600.00 |
| 500 | 84 | 42,000.00 | 66,900.00 |
| 1,000.00 | 60 | 60,000.00 | 83,300.00 |
| 1,000.00 | 84 | 84,000.00 | 1,33,900.00 |
| 2,000.00 | 60 | 1,20,000.00 | 1,66,000.00 |
| 2,000.00 | 84 | 1,68,000.00 | 2,67,000.00 |
| 5,000.00 | 60 | 3,00,000.00 | 4,16,600.00 |
| 5,000.00 | 84 | 4,20,000.00 | 6,69,000.00 |
Documents Required
- ID Proof: Aadhaar Card / PAN Card / Passport / Voter ID
- Address Proof: Electricity Bill / Ration Card / Bank Statement
- PAN Card: Mandatory for higher deposits
- Passport-size Photographs: 2 copies
- Filled RD application form (available at branch)
RD Tenure Options
- 6 months to 10 years
- Monthly deposit amounts starting from ₹100 onwards
- Interest compounded quarterly and paid at maturity
Who Can Open an RD?
- Salaried Individuals
- Students
- Homemakers
- Senior Citizens
- Small Business Owners
- Joint Account Holders (with consent)
Open an RD Today
Visit any of our branches in Devbag, Sadashivgad, or Karwar, and start your journey toward a financially secure future. Our team will guide you through every step with personalized assistance and clear documentation.
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