Recurring Deposit Scheme : Anjanaaai Urban Multisaving Nidhi Limited

Recurring Deposit Scheme

Let the Power of Compounding earn you Interest on Interest

Make the smart choice, save with Recurring Deposits Scheme and maximize the returns from your savings. Experience the security of a Recurring Deposit with the added convenience of a Savings Account! With Compound Interest on a quarterly basis, Anjanaaai Urban Multisaving Nidhi Limited’s Recurring Deposit Account ensures more for you.

Anjanaaai Urban Multisaving

Benefits

Savings in monthly installments
Attractive Interest Rates
Deposit is accepted in fixed monthly installments
Flexi Recurring Deposit enables a depositor to save a stipulated amount or a core deposit month on month, for a fixed period of time. Depositors have the option to raise their core deposit by ten times subject to maximum of Rs. 20,000/- per month, within their tenure
The Deposits in this type of account earn compound interest on quarterly basis
Installments may be remitted by standing instructions to transfer via the ‘Core deposit’ amount each month from the current/ savings accounts in the same branch or from another branch to their Flexi Recurring Deposit accounts free of charge
Should the balance in the account be insufficient to make the transfer, the standing instructions may be treated as cancelled under advice to the depositor

Anjanaaai Urban Multisaving

Account Essentials

The Flexi Recurring Deposit Scheme is open to all categories viz. Individual and Non- individual entities
A Flexi Recurring Deposit account shall be accepted for periods in Multistates of three months only up to the maximum period of five years
The Minimum core deposit amount should be Rs. 500/-
Flexi Recurring Deposit enables a depositor to save a stipulated amount or a core deposit month on month, for a fixed period of time. Depositors have the option to raise their core deposit by ten times subject to maximum of Rs. 20,000/- per month, within their tenure
An excess amount up to ten times the core deposit amount subject to maximum of Rs, 20,000/- per month can be deposited
The Excess amount deposited should be in Multistates of Rs.500/- only
It is mandatory for the depositor to deposit the core deposit amount every month
The excess amount deposited in a given month will not be utilized for payment of future installments
The Deposit can be placed for a minimum tenure of 12 months to a maximum tenure of 60 months

Interest rate for deposit scheme with effect from Thursday, 28 March 2019
Note : The Revised Rate Changes for up to Rs 15 Lacs

Days/Years Inclusive	Individuals, & All other categories of depositors/NRO	Senior Citizens Residents Only
0 days to 90 days	8.00 % p.a.	8.25 % p.a.
91 days to 180 days	9.00 % p.a.	9.50 % p.a.
181 days to 364 days	10.50 % p.a.	11.00% p.a.
365 days to less than 24 months	11.00% p.a.	11.50% p.a.
AV Deposit Scheme - 366 Days (Simple Interest)	10.25 % p.a.	10.50 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest)	10.15% p.a.	10.40 % p.a.
Above 24 mnths to 60 months	11.00% p.a.	11.50 % p.a.
Tax exemption Scheme (5 Years)	10.00 % p.a.	10.25 % p.a.
SUMN 24 months not applicable	% p.a.	% p.a.

Penalty of 3 % p.a. will be charged in case of pre-mature refund & re-investment of term deposits