Recurring Deposit

Recurring deposit is a type of term deposit offered by KJSP Nidhi which help people with regular incomes to deposit a fixed amount Daily or Monthly into their recurring deposit account and earn interest at the attractive rates offered by us. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made as per Recurring deposit Frequency. Recurring deposit schemes allow customers an opportunity to build up their savings through regular deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit with KJSP Nidhi is six months and the maximum is Five years.



RD Amount
(Minimum 1000)
TenureInterest Rate (%)Maturity Amount
100012 Months7.212476
200012 Months7.224952
300012 Months7.237428
400012 Months7.249904
500012 Months7.262380
600012 Months7.274856


RD Amount
(Minimum 50)
TenureInterest Rate (%)Maturity Amount
100024 Months7.826038
200024 Months7.852076
300024 Months7.878114
400024 Months7.8104152
5000024 Months7.8130190
600024 Months7.8156228


RD Amount
(Minimum 50)
TenureInterest Rate (%)Maturity Amount
50365 Days618806
100365 Days637613
150365 Days656418
200365 Days675224
250365 Days694030
300365 Days6112836


RD Amount
(Minimum 50)
TenureInterest Rate (%)Maturity Amount
100036 Months8.441030
200036 Months8.482060
300036 Months8.4123090
400036 Months8.4164120
500036 Months8.4205150
600036 Months8.4246180

Tenure Of Payment

The tenure of 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 authorised signatory by any mode or media other than mentioned above shall be at the member account holder’s own riks. 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 passbook updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts dully countersigned by the authorised signatory of the branch office bearing seal. Payment shall be made on basis of receipts only.

Terms & Conditions

  1. It is mandatory to be a member in the Company.
  2. Company will issue shares worth Rs.100/- to member for RD Plan.
  3. Interest will be calculated on yearly basis.
  4. Recurring deposit minimum amount Rs.50/-,thereafter in multiple of Rs.50/-.
  5. Irregular deposits are not entitled for pre mature payment and loan facility against it.
  6. 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 deduction will be made on the principal amount of such loan.