Accounting Inventory, Best Online Accounting, Finance Planning, Money Manager, Online Personal Accounting
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
HOW DOES IT WORKS<br />
• Data from Deals4loans shows that as of June,<br />
interest rates on RDs were in the range of 7-<br />
9.10% per annum, depending on bank and<br />
tenor chosen.<br />
• Senior citizens get an additional 15-25 basis<br />
points as interest.<br />
• In a regular RD, in case of delayed instalments,<br />
a penalty is charged as a flat fee or a<br />
percentage of the amount.<br />
Page 5
Change language