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Recurring Deposits – A Profitable Scheme
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Monthly installment should be minimum of Rs. 5/- and in the multiple of Rs.
5/-.
Period for deposit is atleast 12 months and maximum to 120 months.eposit scheme
for the future plans such as Children Education, Marriage etc.
Maturity would be after one month of the last installment or maturity date
whichever is later.
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It will give relief from the future expected expenses such as:
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 Income Tax
Land Revenue
LIC Premium
Educational Fees
Household expenses
Provisions for Car, Computer, LCD, Refrigerator etc.
Use nomination facility.
Issue standing instructions wherever possible.
Do not put signature anywhere on passbook.
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