7 Benefits of Recurring Deposit
Start saving small, because even modest amounts grow into a significant future. Regular savings with Gurkha Millennium Multi-Purpose Co-operative's Khutruke Savings Plan ensure a secure tomorrow for you and your family by making monthly contributions easy. Over 2,000 members are already benefiting; open your account today and embark on your journey to prosperity with us.
What Is a Recurring Deposit?
A Recurring Deposit (RD) is a disciplined savings plan where individuals deposit a fixed amount every month and earn interest on their deposits. It’s perfect for those who wish to build a financial cushion without financial stress.
7 Key Benefits of Recurring Deposit
- Disciplined Savings Habit
RDs promote regular saving by requiring monthly deposits. This consistency helps build a strong habit and ensures you are always working toward your financial goals.
- Fixed Returns
Unlike market-based investments, RDs offer guaranteed returns. You know in advance how much you’ll earn at the end of the maturity period.
- Attractive Interest Rates
With Khutruke Savings offering 7.50% p.a. and Premium Khutruke offering 8.25% p.a., your savings grow steadily over time.
- Flexible Maturity Periods
Choose a tenure that suits your financial plan — from 1 to 3 years. This flexibility helps you prepare for short-term or mid-term financial goals.
- Lump Sum Payout at Maturity
At the end of your term, receive the entire principal plus interest in one lump sum — perfect for big expenses like education, business investment, or emergencies.
- Easy Accessibility
Deposit your monthly savings from home, office, or shop — even through QR code. Saving has never been more convenient.
- Value-Added Services