New Revolving Deposit Scheme for NBFCs

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