Recurring Deposit Plan
Arthvaya India Nidhi Limited
Recurring Deposit (RD) account lets member’s deposit a fixed installment every month on which they earn a cumulative return (Yearly Compounding) on maturity. Arthvaya provides Recurring Deposit (RD) interest rates depending on the tenure of the Recurring Deposit (RD).
For investment of ₹ 200 per month:
PERIOD (IN MONTHS) INTEREST RATE (IN % PER ANNUM) MATURITY AMOUNT
12 Months 9.00% 2515.00
24 Months 9.50% 5283.00
36 Months 10.00% 8368.00
48 Months 10.25% 11791.00
60 Months 10.50% 15628.00
Interest rates effective from October 09, 2017
Frequently Asked Questions

What is the tenure of a 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 5 years.

How much is minimum investment amount for Recurring Deposit?

The minimum amount of investment is Rs. 200 for RD and after that in multiples of Rs. 100/-.

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 – 10.25% Yearly Compounding
• 5 Years – 10.50% Yearly Compounding

Is there any facility for prematurity in Recurring Deposit?

Members can premature this deposit as per followings rules:-.
(A) 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 2% per annum
• After 18 months up to 24 months : Interest rate at the rate of 3% per annum
(B) For scheme of 36 months duration:
• Up to 18 months : Pre maturity not allowed.
• After 18 months up to 24 months : Interest rate at the rate of 2% per annum
• After 24 months up to 36 months : Interest rate at the rate of 3% per annum
(C) For scheme of 48 months duration
• Up to 24 months: Pre maturity not allowed
• After 24 months up to 36 months : Interest rate at the rate of 2% per annum
• After 36 months up to 48 months : Interest rate at the rate of 3% per annum

Is there any facility for loan in RD?

Loan facility is available as per following rules:-
(A) For schemes of 24 months duration:
After 24 months (post receipt of 12 installments) : Up to 50% of Deposit amount.
(B) For schemes of 36 months and 48 months duration:
After 36 months (post receipt of 24 installments): Up to 75% of Deposit amount.

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

No! The rate of interest is fixed in this product so no special benefit is available for senior citizens and women

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

Amount of Rs. 2.00 per hundred per month will be recovered if installments are not deposited on regular basis.
Avail Great Recurring Deposit (RD) Interest Rates
Arthvaya India Nidhi Ltd offers Recurring Deposit (RD) schemes to our members so that they can save regularly. RD scheme works best for everyone, especially for the our members who are youngsters and regular salaried people as they can cultivate the habit of regular saving. In RD, you have to deposit a fixed amount on a monthly basis for the chosen tenure and at the end of your tenure, you earn a cumulative return (yearly compounding).The minimum term required for our Recurring Deposit scheme is 1 year and maximum 5 years.
In RD, you can make a minimum investment of Rs. 200 and after that, in multiples of Rs. 100. At Arthvaya India Nidhi, we offer higher RD interest rates. We also allow you to premature your Recurring Deposit as well as to avail the loan (T&C applicable) on the same. Our RD scheme provides you with zero risk and high returns. So open an RD today!
Disclaimer: All the products and services of the Nidhi are exclusively available for members of Arthvaya India Nidhi Ltd. only.
ABOUT ARTHVAYA:
Arthvaya India Nidhi is a Mutual Benefit Company headquartered in Gaya, Bihar. It is a nonbanking financial company doing the business of lending and borrowing between its members or shareholders... READ MORE