Dhanabriddhi Recurring Deposit’ is a type of fixed deposit scheme where Customers invest an amount of their choice every month and save money with ease. This product is designed especially to help customers meet their financial obligations in the future.
|Dhanabriddhi Recurring Fixed Deposit||Minimum Balance (Seed Amount)||Duration|
|Dhanabriddhi Recurring 5 Times of Seed Amount||10,000.00||2 Years 8 Months 3 Days|
|Dhanabriddhi Recurring 10 Times of Seed Amount||10,000.00||5 Years 1 Month 11 Days|
|Dhanabriddhi Recurring 15 Times of Seed Amount||10,000.00||7 Years 5 Days|
|Dhanabriddhi Recurring 20 Times of Seed Amount||10,000.00||8 Years 6 Months 27 Days|
|Dhanabriddhi Recurring 50 Times of Seed Amount||10,000.00||14 Years 6 Months 17 Days|
|Dhanabriddhi Recurring 100 Times of Seed Amount||10,000.00||19 Years 9 Months 16 Days|
*Final amount shall be the equal to the initial commitment amount except under the following conditions of deferral:
i. Delayed Installments: If installments are received after the SI date.
ii. Missed Installment: In case of missed installment, the customer shall receive the principal and cumulative interest on the principal and recurring deposit amount
iii. Additional Fund Injection: In case of customer injecting additional amount into his/ her account the final amount may differ from the initial amount.
In this product, customer can choose to place any recurring amount above NPR 500 for a period ranging between 6 months to 10 Years. Customer shall get a choice to either place a seed amount at the beginning or to begin without any seed amount.