Disciplined Monthly ThriftStarting from ₹500/month
Recurring Deposit Scheme
Systematic monthly disciplined savings plan that matures with high accumulated interest.
Minimum Monthly Installment: ₹500
•Compounding Frequency: Quarterly Compounded
•Tenures: 12 to 60 Months
Recurring Deposit Interest Rate Chart
Interest is calculated on a quarterly compounded basis throughout the installment tenure.
Recurring Deposit Rate Slabs
Governed by Nidhi Rules, 2014| Tenure / Period | Applicable Rate (p.a.) | Remarks / Benefits |
|---|---|---|
| Up to 12 Months | 7.00% p.a. | Quarterly Compounding |
| 13 Months – Up to 24 Months | 8.25% p.a. | Quarterly Compounding |
| 25 Months – Up to 36 Months | 9.25% p.a. | Popular |
| 37 Months – Up to 48 Months | 10.00% p.a. | Quarterly Compounding |
| 49 Months – Up to 60 Months | 10.50% p.a. | Highest Return |
Senior Citizens Notice: Eligible senior citizens (60+ years) may receive an additional 0.50% interest p.a. on qualifying tenures upon KYC verification.
Features & Benefits
Cultivates systematic monthly savings discipline
Starting from as low as ₹500 per month
Loans available against active regular RD accounts
Guaranteed returns credited upon maturity
Dedicated passbook issuance with complete installment records.
Facility to set up auto-debit standing instructions from your BSL Savings Account.
Terms of Recurring Deposit Account
- Membership in BSL Nidhi Limited and valid KYC documentation are required to open an RD account.
- Flexible tenure options ranging from 1 year to 5 years (12 to 60 months).
- Interest is calculated on a quarterly compounded basis.
- Maturity amount will be paid along with accumulated interest upon surrendering passbook and signed maturity application.
- Loan facility is available against active, regular Recurring Deposits.
Open a Recurring Deposit
Begin systematic monthly savings today. Contact our branch or submit an inquiry online.
Recurring Deposit FAQs
Learn about penalty clauses for delayed installments, nomination guidelines, and premature closure.
View All FAQs