Recurring Deposit

Recurring Deposit is a kind of Term Deposit, where one can park fixed amount every month in Recurring Deposit Account over a fixed period like 12 month of more.

Akshaj Mutual Benifit Nidhi Ltd helps to save you monthly and get the lump sum amount to fulfill your desired goal after period which you set. Individual, Joint Accounts and Minors are eligible to open Recurring Deposit account.

AMBNL RD Benifits

• High interest rate.
• Simple documentation.
• Minimum period 12 months. Maximum 60 months
• Minimum Deposit Amount Rs. 500/- No maximum Cap.
• Nomination facility
• Passbook
• You can avail Loan up to 90% of available balance in Recurring Deposit
• Pre-mature withdrawal is allowed and penalty applicable as per the rule.
• Penalty charges will be applicable in case default in monthly installment.
• TDS will be applicable on the interest earned as per the prevailing rate.
• Monthly installment of ₹ 2570/- for 36 months gives you Rs. 1 Lakh on maturity.

Requirements Documemnts

• Valid Photo I.D. & Address Proof of proprietor / partners /directors
• (A) Any one of proof for all partners/ directors or proprietor (Photo Id) 1.Passport, 2.Driving License, 3.Voter ID Card, 4.Government Approved College/university I.Card, 5. Government/Semi government/Department I.Card 5. Aadhar Card
• (B) Address Proof(Any One) 1. Electricity Bill (not more than 2 months old) 2. BSNL Landline Telephone Bill (not more than 2 months old) 3.Municipal Tax Bill
• Other proof acceptable by Bank.
• Passport Size Photograph – 2 Copies
• Pan Card.
• Birth Certificate for minor a/c.
Note: Contact nearest branch for more details.