Recurring Deposit account is opened by that individual who wants to save regularly for certain period of time and can earn good rate of interest.”

In recurring deposit a member can open an account of minimum of Rs 100/- or in multiple of Rs 100/- is accepted every month for a specified period ( one year to five year ) and the total amount is repaid with interest at the end of the particular period.

Deposit Amount per Month	1 Year 7%	2 Years 7%	3 Years 8%	5 Years 10%
5,000.00	62,300.00	1,29,100.00	2,03,850.00	3,89,550.00
2,500.00	31,150.00	64,550.00	1,01925.00	1,94,775.00
1,500.00	18,690.00	38,730.00	61,155.00	1,16,865.00
1,000.00	12,460.00	25,820.00	40,770.00	77,910.00
500.00	6230.00	12,910.00	20,385.00	38,955.00
200.00	2492.00	5,164.00	8,154.00	15,582.00
100.00	1246.00	2,582.00	4,077.00	7,791.00

Features of Safair Nidhi Recurring Deposit (monthly) Account

• In Safair Nidhi minimum amount that can be deposited is Rs 100/- at regular interval
• The period of deposit is minimum one year and maximum five year.
• The rate of interest is 7.00% to 10.00% p.a