Prestige Recurring Deposits are an ideal way to invest small amounts of money every day and end up with a large kitty on maturity.
The Plan:
A consumer can invest in this plan in daily basis to get anual Return of upto 12%.There will be a Rs.100 as service charges on account opening.
Monthly Investment Amount |
Yrly Investment |
Profit Return Upto 12% |
Total Amount on Maturity |
Rs.3000.00 |
36000.00 |
4320.00 |
40320.00 |
Rs.3000.00 |
36000.00 |
9159.00 |
85479.00 |
Rs.3000.00 |
36000.00 |
14577.00 |
136055.00 |
Rs.3000.00 |
36000.00 |
20647.00 |
192701.00 |
| Rs.3000.00 |
36000.00 |
27445.00 |
256145.00 |
Security:
Company will provide 70% of the investment amount as Gold/Silver.
Rules & Regulations:
 To open this plan, consumer must apply the application form of this plan for daily deposit plan.
Company will charge Rs.100/- per new scheme which is not refundable.
Company reserves the right to accept or reject any application for opening the scheme without assigning any reason.
The minimum investment amount is Rs.3000/- .
The company will provide upto 12% yearly profit return on the basis of the amount.
This is a saving plan consisting of daily deposits into the account s for a period of 12,24,36,48 and 60 months. The deposit of any amount will be accepted subject to a minimum of Rs.10/- per day.
At the time of maturity , in case the customer looses/sales the security provided, the company will refund the amount in the basis of the price of (Gold/Silver) on the date of purchasing security or the current rate whichever is higher.
Company reserves the right to add or amended these rules at their discretion at any time without notice.
Loan Facility:
After 6 months customer can apply for loan against the security deposit(Gold/Silver).50 % loan at 0% intrest can be sanctioned for one year.
Nominee's Benefits:
Company will refund the maturity amount on maturity in case of death of the scheme holder.
If nominee is minor, then guardian will be legal heir.
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