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Eli Global Foundation Day2017
Eli Global Mutual Benefit Nidhi Limited
Recurring Deposit - RD
Interest will be calculated on Yearly Compounded basis.
Recurring Deposit minimum amount Rs 200/-, thereafter in multiples of Rs 100/-
Pre- closed Account will be only applicable for more than 3 month regular deposit.
Loan available at the 2% per month interest.
Lapse on payment of installment amount will make the defaulter and Charges at the 2% per month with installment amount.
1 month after paying last installment or maturity amount due dates whichever is more will be applicable for payment of maturity amount.
Irregular deposits are not entitled for pre mature payment and loan facility against it.
On irregular deposits if all irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of 1 installment, the said account will be treated as irregular.
After maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account.
No interest payable on Pre-maturity.
Loan facility on Recurring Deposits :
On 24 month and 36 month deposit schemes, after 1 year (after receiving of 12 installments) loan up to 60% of deposited amount will be given.
On 48 month and 60 month deposit schemes, after 1.5 years (after receiving of 18 installments) loan up to 60% of deposited amount will be given