FAQ’s :

Question : Are there any special benefits in rate of interest for senior citizens and women ?

Answer : Yes, Refer the Table.

---

Question : Is there any facility for prematurity in Recurring Deposit ?

Answer : Members can premature this deposit as per followings rules :-

(A) For scheme of 12 months duration:

• • Not allowed upto 6 months
• • No interest payable on prematurity payment after 6 months and up to 9 months. Service charge of 2% and stationery charge of Rs. 30/- will be recovered.
• • For pre maturity payment of accounts after 9 months to 12 months, Interest will be paid at the rate of 4% Simple interest and Stationery charge of Rs. 50/- will be recovered.

(B) For scheme of 24 months duration:

• • Up to 12 months: Pre maturity not allowed.
• • After 12 months up to 18 months: Interest rate at the rate of 3% per annum will be paid
• • After 18 months up to 24 months : Interest rate at the rate of 4 % per annum will be paid

(B) For scheme of 36 months duration:

• • Up to 18 months: Pre maturity not allowed.
• • After 18 months up to 18 months: Interest rate at the rate of 2% per annum will be paid
• • After 24 months up to 36 months : Interest rate at the rate of 3% per annum will be paid

---

Question : Is there any facility for loan in RD ?

Answer : Loan facility is available as per following rules :-

(A) For schemes of 12 months and 24 months duration:

After 6 months (post receipt of 6 installments) : Up to 50% of Deposit amount.

(B) For schemes of above 36 months duration:

After 12 months (post receipt of 12 installments): Up to 60% of Deposit amount.

Interest on such RD loan is +2% on Scheme Interest.

---

Question : What are the charges if a member skips installments on recurring deposits ?

Answer : Amount of Rs. 1.50 per hundred per month will be recovered if installments are not deposited on regular basis.