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 6000 to INR 80600

     

    YearMonth
    0369
    1
    80600
    64000
    52900
    45000
    2 39100 34400 30700 27700
    3 25200 23100 21300 19700
    4 18300 17100 16000 15000
    5 14200 13400 12700 12000
    6 11400 10900 10400 9900
    7 9500 9100 8700 8400
    8 8100 7700 7400 7200
    9 6900 6700 6400 6200
    10
    6000
    -
    -
    -

     

    *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