Uttar Bihar Gramin Bank Recurring Deposit
Uttar Bihar Gramin Bank provides you with the opportunity to develop your capital by using regular month-to-month fixed aggregate stores over a period of time. It provides you with a variety of RD options, ranging from a year to 120 months of storage time. The most severe store calculation of an RD has no limit. You must have instructions for the elimination of construction that is ongoing at the time your RD account is opened. Advances or OD offices of up to 90% of the deposited amount are available.
Uttar Bihar Gramin Bank RD Rates – Special Features
On RD, the rate of interest is the same as it is in term shops. The premium applicable to all Senior Citizens aged 60 and over would be 0.50 percent higher than the appropriate rate for general clients.
Investing in Uttar Bihar Gramin Bank is a fantastic option for people who do not have a lot of money. The benefit of RDs is that you pay the same loan premium for the duration of your residence, regardless of whether potential RD rates are lower.
Uttar Bihar Gramin Bank RD Interest Rates 2021
Maturity Period | Interest Rate (p.a.) |
---|---|
Year 1 | 5.35% |
Year 2 | 5.35% |
Year 3 | 5.35% |
Year 4 | 5.35% |
Year 5 | 5.35% |
Uttar Bihar Gramin Bank RD Interest Calculator
The Uttar Bihar Gramin Bank RD Interest Rate Calculator aids in the registration of interest on an RD based on the following segments:
- Amount Due Each Month
You must join a monthly amount to which you can pay. It’s also known as a daily scheduled payment. If you need to contribute Rs 2000 per month, insert Rs 2000 in the space provided. - Time Period
You have enrolled your RD for the RD span/residency/term for which you have enrolled your RD. It should be expressed in months. It ranges from a half-year to a year and a half to 120 months. - Rates of Interest
That is the rate of interest that the bank would pay on the RD. It is determined by the length of your RD. It varies from one bank to the next.
RD Account Opening Process at Uttar Bihar Gramin Bank
You simply open the account with Uttar Bihar Grameen Bank by visiting the nearest branch of the bank.
Duration of Recurring Deposits with Uttar Bihar Gramin Bank
You have enrolled your RD for the RD span/residency/term for which you have enrolled your RD. It should be expressed in months. It ranges from a half-year to a year and a half to 120 months.
Uttar Bihar Gramin Bank FAQs
Is it possible for me to deposit separate monthly payments into my RD account?
No, you can’t deposit recurring payments in a daily RD account. However, some banks sell Flexi RDs, which allow clients to deposit any amount at any point in the residency without having to set aside increments on a regular basis.
Is there a limit to the amount of RD money I can deposit per month?
No, there will not be an upper limit to the amount of RD you may deposit per month. You can choose any amount based on your financial goals and impartial factors such as asset availability.
What is the formula for calculating the maturity value of RD in the calculator?
The maturity value is calculated by taking into account the deposit amount (regularly scheduled payment), residence, and RD interest rate. It employs a recipe for generating curiosity. The banks sell a quarterly recurrence of intensification.