Salient features of the scheme :

Investment & Maturity Details

Monthly Installment (₹) Period Maturity Amount (₹)
1,000 6 Years 7 Months 1,00,430
2,000 3 Years 8 Months 1,00,501
3,000 2 Years 7 Months 1,02,154
4,000 2 Years 1,03,281
5,000 1 Year 7 Months 1,00,708
6,000 1 Year 4 Months 1,00,875
7,000 1 Year 2 Months 1,02,374
8,000 1 Year 1 Month 1,08,324
9,000 11 Months 1,02,515
10,000 10 Months 1,03,248

 

Key Features of Lakhpati Recurring Deposit Scheme

  • Type of Scheme: Recurring Deposit Thev Yojana
  • Interest Rate: 7.00% p.a. (Cumulative)
  • Eligibility: Open for all categories
  • Deposit Pattern: Fixed monthly installment throughout the tenure
  • Benefits:
  • Disciplined savings habit- builds a corpus Over time.Guaranteed returns
  • Compound interest benefits-Higher Maturity amount than simple Interest
  • Helps achieve financial goals with lump sum amount on maturity
  • Premature Withdrawal: As per RBI guidelines/directions
  • Nomination Facility: Available