Recurring Deposit (RD) accounts let members deposit a fixed installment every month on which they earn a cumulative return (Yearly Compounding) on maturity.

1. Adarsh Credit Co-operative Society
Recurring Deposit

2. Recurring Deposit
• Recurring Deposit (RD) accounts let members deposit a
fixed installment every month on which they earn a
cumulative return (Yearly Compounding) on maturity.
• Adarsh provides interest rates on the tenure of the RD.
• For investment of ₹ 100 per month:
• Interest rates effective from May 03, 2017

3. Interest rate
PERIOD (IN MONTHS)
RATE OF INTEREST (IN % PER
ANNUM)
MATURITYAMOUNT (IN ₹)
12 9.00 1,259.00
24 9.50 2,643.00
36 10.00 4,187.00
48 10.50 5,929.00
60 11.00 7,919.00
72 11.00 10,061.00

4. What is the tenure of Recurring Deposit
• For a Recurring Deposit, there are various tenure
available like 1 year, 2 years, 3 years, 4 years and a
maximum tenure of 6 years.

5. What is the minimum investment
amount for Recurring Deposit?
• The minimum amount of investment is Rs. 100 for RD
and after that in multiples of Rs. 50/-.

6. How much interest can a member earn
in Recurring Deposit?
• The interest rate of the product is as follows:-
• 1 Year – 9.00% Yearly Compounding
• 2 Years – 9.50% Yearly Compounding
• 3 Years – 10.00% Yearly Compounding
• 4 Years – 10.50% Yearly Compounding
• 5 Years – 11.00% Yearly Compounding
• 6 Years – 11.00% Yearly Compounding

7. Is there any facility for prematurity in
Recurring Deposit?
(A)RD 01 Year
• <= 6 months → Not allowed
• > 06 to 09 months → Allowed without interest, deduction of 2% service charge and Rs. 30/-
stationary charge
• > 09 to 12 months → Allowed with 3% interest, deduction of Rs. 50/- stationary charge
(B)RD 02 Years
• <=12 months → Not allowed
• > 12 to 18 months → Allowed with 2% interest
• > 18 to 24 months → Allowed with 3% interest
(C) RD 03 Year
• <=18 months Not allowed
• > 18 to 24 months → Allowed with 2% interest
• > 24 to 36 months → Allowed with 3% interest
(D) RD 04 Year
• <=24 months Not allowed
• > 24 to 36 months → Allowed with 2% interest
• > 36 to 48 months → Allowed with 3% interest
(E) RD 05 and 06 Year
• <=36 months → Not allowed
• > 36 months → Allowed with 3% interest

8. Is there any other facility for loan in
Recurring Deposit?
(A) RD 01 and 02 Year
• <=6 months → Not allowed
• >06 months and 06 installments → Member can avail maximum 60% loan
against their investment amount; interest rate will be applicable as per rules of the
Society
(B) RD 03 and 04 Year
• <=12 months → Not allowed
• >12 months and 12 installments → Member can avail maximum 60% loan
against their investment amount; interest rate will be applicable as per rules of the
Society
(C) RD 05 and 06 Year
• <=24 months → Not allowed
• >24 months and 24 installments → Member can avail maximum 60% loan
against their investment amount; interest rate will be applicable as per rules of the
Society

9. Are there any special benefits in the
rate of interest for women and senior
citizens?
• No! The rate of interest is fixed in this product so no
special benefit is available for senior citizens and women

10. What are the charges if a member skips
installments on recurring deposit ?
• If a member skips installments, it will attract a penalty at
Rs.100/Month

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