Recurring Deposit Scheme

The Recurring Deposit (RD) account lets member’s to deposit a fixed installment every month on which they earn a cumulative return (Yearly Compounding) on maturity. ISLAMPUR MAHILA CREDIT CO-OP SOCIRTYLTD provides Recurring Deposit (RD) interest rates depending on the tenure of the Recurring Deposit (RD).The small monthly savings in the Recurring Deposit scheme enable the depositor to accumulate a handsome amount on maturity. Interest at term deposit rates is computable on quarterly compounded basis. The account can be opened by individuals.