Product

Navjeevan Recurring Deposit (R.D.)

Recurring Deposit is a special kind of Term Deposit offered by NAVJEEVAN which help members with regular incomes to deposit a fixed amount every month into their Recurring Deposit account. For example, Rs. 100/- every month & multiple of Rs. 100/-. This deposit matures on a specific date in the future along with all the deposits made every month. Thus, Recurring Deposit schemes allow members with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time. Period of R.D. is 1 year 3 Years & 5 years.

Interest Rate - Interest is compounded on Monthly basis in recurring deposits. It seemed to be one of the best method to save the amount yield after years of deposit.

Period Rate Of Interest
1 Year 9.5 %
3 Year 10.5 %
5 Year 11.5 %

Declaration

  • 1. Only members can use our products.
  • 2. If any person interested in our society product the membership is compulsory.
  • 3. Our products are only for those members who are resident of State of Bihar.
  • 4. KYM (Know Your Members) documents are compulsory for membership.
  • 5. Rules and Regulations are similar for every member.
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Get in Touch

  • 502, 5th Floor,Hariom Commercial Complex,
    New Dakbunglow Road,
    Patna - 800001 (Bihar)
  • info@navjeevancooperativesociety.com

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