Revolving Deposit Scheme
It
is a new kind of deposit which is aimed at easing your liquidity in the future
by saving with Systematic Investment Plan while you are active and getting back
with monthly payments for the next five years progressively increasing every
year. It is NOT INSURANCE, but ENSURANCE to beat the inflation.
What’s
the Scheme?
You
invest every month Rs. 10,000/- for the first Five Years. The Next Five Years
your investment will be returned as a monthly re-payment starting from Rs.
12,500/- at the Sixth year with progressively increasing amount every year like
15,000/-, 17,500, 20,000 and 22,500 for the Seventh, Eighth, Ninth and Tenth
Year respectively. At the end of each year, TDS Certificate will be issued for
the Interest amount credited and reinvested after TDS. Special basic interest
rate adopted for this scheme is 11.75% p.a. with monthly compounding. Following
Tables give the Self Planned Pension
Types:
|
|
Scheme1
|
|
|
Scheme 2
|
|
Scheme 3
|
||
|
Year
|
Monthly Deposit
|
Amt per Year
|
|
Monthly Deposit
|
Amt per Year
|
|
Monthly Deposit
|
Amt per Year
|
|
|
|
|
|
|
|
|
|
|
|
1
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
2
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
3
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
4
|
10,000
|
120,000
|
|
10,000
|
120,000
|
|
-12,000
|
-144,000
|
|
5
|
10,000
|
120,000
|
|
-12,000
|
-144,000
|
|
-14,000
|
-168,000
|
|
6
|
-12,500
|
-150,000
|
|
-14,000
|
-168,000
|
|
-15,500
|
-186,000
|
|
7
|
-15,000
|
-180,000
|
|
-16,500
|
-198,000
|
|
Monthly
|
Yearly
|
|
8
|
-17,500
|
-210,000
|
|
-20,000
|
-240,000
|
|
Return
|
Return
|
|
9
|
-20,000
|
-240,000
|
|
Monthly
|
Yearly
|
|
|
|
|
10
|
-22,500
|
-270,000
|
|
Return
|
Return
|
|
|
|
|
|
Monthly
|
Yearly
|
|
|
|
|
|
|
|
|
Return
|
Return
|
|
|
|
|
|
|
Scheme1
|
Self Planned Pension - Pay every
month Rs. 10,000 for 5 Years
|
|
Get Repayment every month from Rs.12,500 to
22,500 for the next 5 years
|
Scheme2
|
Self Planned Pension - Pay every
month Rs. 10,000 for 4 Years
|
|
Get Repayment every month from Rs.12,000 to
20,000 for the next 4 years
|
Scheme3
|
Self Planned Pension - Pay every
month Rs. 10,000 for 3 Years
|
|
Get Repayment every month from Rs.12,000 to
15,500 for the next 3 years
|
|
|
Self Planned Pension Scheme 1
|
|
|
||
|
|
|
|
|
|
|
|
Year
|
Amt Invested
|
CumulAmt
|
InterstCredtd
|
TDSamt
|
Accr.Amt
|
|
1
|
120,000
|
0
|
0
|
0
|
120,000
|
|
2
|
120,000
|
134,880
|
14,880
|
1,488
|
253,392
|
|
3
|
120,000
|
284,820
|
31,428
|
3,144
|
401,676
|
|
4
|
120,000
|
451,500
|
49,824
|
4,980
|
566,520
|
|
5
|
120,000
|
636,792
|
70,272
|
7,032
|
749,760
|
|
|
|
|
|
|
|
|
|
Amt.Received
|
|
|
|
|
|
6
|
-150,000
|
842,760
|
93,000
|
9,300
|
683,460
|
|
7
|
-180,000
|
768,240
|
84,780
|
8,484
|
579,756
|
|
8
|
-210,000
|
651,672
|
71,916
|
7,188
|
434,484
|
|
9
|
-240,000
|
488,376
|
53,892
|
5,388
|
242,988
|
|
10
|
-270,000
|
273,132
|
30,144
|
3,012
|
120
|
|
|
|
|
|
|
|
|
Invested
|
600,000
|
|
166,404
|
16,644
|
|
|
Recevd
|
-1,050,000
|
|
333,732
|
33,372
|
|
|
|
|
|
|
|
|
|
AddlRcvd
|
-450,000
|
|
500,136
|
50,016
|
|
|
TDS
|
|
|
50,016
|
|
|
|
Balance
|
|
<<
|
450,120
|
>>
|
120
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
