Sampanna Recurring Deposit

Sampanna Recurring Deposit

 

What is Sampanna Recurring Deposit?

Sampanna Recurring Deposit (RD) is an NRE Recurring Deposit scheme where you can invest a fixed amount of your earnings monthly to get a lump sum amount of INR 1 million on maturity.


Why Choose Sampanna Recurring Deposit?

Sampanna RD gives you a chance to increase your wealth and become a millionaire with small amount of instalments every month. Moreover, the interest earned is not taxable and the maturity proceeds are fully repatriable.


Overview

Features and Benefits

  • Easy funding of account: Monthly installment will be automatically debited from your NRE Savings account
  • Flexible monthly installments*: Instalment starting from INR 5800 to INR 80400

     

    YearMonth
    0369
    1
    80500
    63900
    52600
    44700
    2 38800 34200 30500 27500
    3 25000 22900 21100 19500
    4 18100 16900 15800 14900
    5 14000 13200 12500 11800
    6 11300 10700 10200 9700
    7 9300 8900 8500 8200
    8 7900 7500 7200 7000
    9 6700 6500 6300 6000
    10
    5800
    -
    -
    -

     

    *These installment amount has been calculated based on the prevailing interest rate and are subject to change without prior notice

  • Flexibility of choosing tenure: Tenure can easily be selected and the instalment per month will be decided as per the tenure ranging from 1 year to 10 years and in multiples of 3 months
  • Easy movement: Funds are fully repatriable
  • Tax benefits: Interest earned is not taxable in India
  • Guaranteed interest rate: Your RD is locked with a fixed interest rate and the funds are protected from market fluctuations

To know more about the interest rate, please Click here

 

Documents Required

  • RD Opening Form
  • PAN / Form 60

How to avail the RD?

  • Existing customers
    Walk in to your nearest branch in India to avail of Sampanna RD.
  • New customers
    • Click here to open an NRI Account with us
    • Once your account opening request is processed, you can walk in to the nearest branch to avail of Sampanna RD.

Walk now in your nearest branch in India to avail Sampanna RD