BRABIM NIDHI LIMITED

Brabim Recurring Deposit Scheme

Experience the power of compounding with recurring deposit scheme from Brabim Nidhi. A Recurring Deposit offers a host of benefits to individuals, helping them save up for a rainy day. Ease of use and flexibility have made it a popular savings tool, with banks, post offices and Nidhi Company offering RDs. Which is best Recurring Deposit (RD) Schemes for 12 Months to 60 Months in Raigarh (Chhattisgarh).

Recurring Deposit (RD) Account, RD Calculator, Recurring Deposit Calculator, RD Interest Calculator

Recurring Deposit Scheme

R.D. For 1 Year (08.00%)
S.No Deposit Amount Monthly Amount Quarterly Half Yearly Yearly Maturity Amount
1 1200 100 300 600 1200 1245
2 3600 300 900 1800 3600 3735
3 7200 600 1800 3600 7200 7470
4 10800 900 2700 5400 10800 11205
5 14400 1200 3600 7200 14400 14940
6 18000 1500 4500 9000 18000 18675
R.D. For 2 Years (07.50%)
S.No Deposit Amount Monthly Amount Quarterly Half Yearly Yearly Maturity Amount
1 2400 100 300 600 1200 2590
2 7200 300 900 1800 3600 7770
3 14400 600 1800 3600 7200 15540
4 21600 900 2700 5400 10800 23310
5 28800 1200 3600 7200 14400 31080
6 36000 1500 4500 9000 18000 38851
R.D. For 3 Years (08.00%)
S.No Deposit Amount Monthly Amount Quarterly Half Yearly Yearly Maturity Amount
1 3600 100 300 600 1200 4063
2 10800 300 900 1800 3600 12188
3 21600 600 1800 3600 7200 24375
4 32400 900 2700 5400 10800 36563
5 43200 1200 3600 7200 14400 48750
6 54000 1500 4500 9000 18000 60938
R.D. For 4 Years (08.50%)
S.No Deposit Amount Monthly Amount Quarterly Half Yearly Yearly Maturity Amount
1 4800 100 300 600 1200 5695
2 14400 300 900 1800 3600 17085
3 28800 600 1800 3600 7200 34171
4 43200 900 2700 5400 10800 51256
5 57600 1200 3600 7200 14400 68341
6 72000 1500 4500 9000 18000 85426
R.D. For 5 Years (09.00%)
S.No Deposit Amount Monthly Amount Quarterly Half Yearly Yearly Maturity Amount
1 6000 100 300 600 1200 7527
2 18000 300 900 1800 3600 22581
3 36000 600 1800 3600 7200 45163
4 54000 900 2700 5400 10800 67744
5 72000 1200 3600 7200 14400 90326
6 90000 1500 4500 9000 18000 112907

Tenure of Payment

The tenure of the 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 countersigned by its authorized signatory 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 credited in the name of member Account Holder subject to clearance by the bank. Out station cheques shall not be accepted.

Issue of Passbook:

A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book 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.

Terms & Conditions:¬

  1. It is mandatory to be a member in the company.
  2. Company will issue ten shares (10/- Rs each) for RD Plan.
  3. Interest will be calculated on yearly basis.
  4. Recurring Deposit minimum amount Rs 100/-, thereafter in multiples of Rs 100/¬.
  5. Loan on deposits will be charged at 09.00 % yearly compound interest basis.
  6. 1 month after paying last installment or maturity amount due dates 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 irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of 1 installment, the said account will be treated as irregular.
  9. After maturity date, payment on irregular 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 accounts.
  10. R.D. will not be premature within first 3 month.
  11. If R.D. is matured after 3 month but before 6 month no interest will be paid.
  12. After depositing the premium of 6 months, any type of interest will not be given.
  13. If any person premature its R.D then the person will be paid 2% , less of maturity interest after 6 months to 60 months.
  14. In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.

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