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UAR Nidhi Ponmagal Deposit Scheme
This deposit specially for the parents who has girl child. It is very benefit for every student gets an education and ensure girl child property scheme.
According to the scheme a member has to select a fixed amount to the remitted every month for 36 months. After 36 months there is no need of remittance. After 60 months (2Years from the date of last instalments) the amount will be repaid
The rate of interest is fixed as 11%.
The period of Deposit is 60 months with RD instalment Period of 36 months.
The maturity amount will be Rs. 10,000/-, Rs.20,000/-, Rs.50,000/-, Rs.1,00,000/ and so on.
Interest is calculated on quarterly compounding method.
The monthly instalment is fixed as per maturity amount.
Monthly Instalments (60 months) | Rate of Interest | Interest Amount | Principal Amount | Maturity Amount |
300 | 10.5% | 5,688 | 23,688 | 29,376 |
500 | 10.5% | 9,480 | 30,000 | 39,486 |
750 | 10.5% | 14,220 | 45,000 | 59,220 |
1000 | 11% | 20,029 | 60,000 | 80,029 |
1500 | 11% | 30,043 | 90,000 | 1,20,043 |
2000 | 11% | 40,057 | 1,20,000 | 1,60,057 |