Recurring Deposit (RD) Scheme
Save a little every month, earn big at maturity. NMD Society's RD scheme
Recurring Deposit Scheme
Build a Corpus — One Month at a Time
The NMD Society Recurring Deposit (RD) Scheme is a systematic savings plan that helps you build a significant financial corpus by depositing a fixed amount every month over a chosen tenure. It is the perfect tool for people who want to save regularly without making a large one-time investment.
With interest rates starting at 12% per annum for 12 months and going up to 12% per annum for tenures of 36 months and above, NMD Society’s RD scheme offers returns that far exceed those offered by banks, post offices, or other savings instruments.
Start with just ₹500 per month — deposit in multiples of ₹500. Choose your tenure from 12 to 72 months. Your money grows steadily with guaranteed returns, fully backed by a registered co-operative society.
Whether you are saving for a child’s education, a family vacation, home renovation, or a retirement nest egg — a disciplined RD with NMD Society will get you there. The longer the tenure, the higher the interest rate and the bigger the maturity amount.
The scheme also offers a loan facility of up to 90% of your accumulated RD value — meaning your savings are always working for you, even in emergencies.
See Exactly How Much You Will Earn
Select a tenure below to see the maturity value for different monthly installment amounts. All values are indicative based on applicable rates.
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹6,000 | ₹325 | ₹6,325 |
| ₹1,000 | ₹12,000 | ₹650 | ₹12,650 |
| ₹2,000 | ₹24,000 | ₹1,300 | ₹25,300 |
| ₹5,000 | ₹60,000 | ₹3,250 | ₹63,250 |
| ₹10,000 | ₹1,20,000 | ₹6,500 | ₹1,26,500 |
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹12,000 | ₹1,414 | ₹13,414 |
| ₹1,000 | ₹24,000 | ₹2,829 | ₹26,829 |
| ₹2,000 | ₹48,000 | ₹5,657 | ₹53,657 |
| ₹5,000 | ₹1,20,000 | ₹14,143 | ₹1,34,143 |
| ₹10,000 | ₹2,40,000 | ₹28,287 | ₹2,68,287 |
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹18,000 | ₹3,562 | ₹21,562 |
| ₹1,000 | ₹36,000 | ₹7,125 | ₹43,125 |
| ₹2,000 | ₹72,000 | ₹14,250 | ₹86,250 |
| ₹5,000 | ₹1,80,000 | ₹35,634 | ₹2,15,634 |
| ₹10,000 | ₹3,60,000 | ₹71,248 | ₹4,31,248 |
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹24,000 | ₹6,540 | ₹30,540 |
| ₹1,000 | ₹48,000 | ₹13,080 | ₹61,080 |
| ₹2,000 | ₹96,000 | ₹26,160 | ₹1,22,160 |
| ₹5,000 | ₹2,40,000 | ₹65,399 | ₹3,05,399 |
| ₹10,000 | ₹4,80,000 | ₹1,30,798 | ₹6,10,798 |
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹30,000 | ₹10,595 | ₹40,595 |
| ₹1,000 | ₹60,000 | ₹21,189 | ₹81,189 |
| ₹2,000 | ₹1,20,000 | ₹42,379 | ₹1,62,379 |
| ₹5,000 | ₹3,00,000 | ₹1,05,947 | ₹4,05,947 |
| ₹10,000 | ₹6,00,000 | ₹2,11,894 | ₹8,11,894 |
| Monthly Installment | Total Deposited | Interest Earned | Maturity Amount |
|---|---|---|---|
| ₹500 | ₹36,000 | ₹14,656 | ₹50,656 |
| ₹1,000 | ₹72,000 | ₹29,313 | ₹1,01,313 |
| ₹2,000 | ₹1,44,000 | ₹58,626 | ₹2,02,626 |
| ₹5,000 | ₹3,60,000 | ₹1,46,566 | ₹5,06,566 |
| ₹10,000 | ₹7,20,000 | ₹2,93,132 | ₹10,13,132 |
* All values are indicative. Actual maturity amounts may vary slightly based on the date of deposit and applicable Society policies at the time of enrollment. Please visit your nearest NMD Society branch for precise figures.
Calculate Your RD Maturity Amount
Enter your monthly installment and select a tenure to instantly see your total corpus at maturity.
RD Details
Your RD Summary
Features That Make NMD RD Stand Out
Designed for disciplined savers — every feature of the NMD Recurring Deposit scheme puts your interests first.
High Interest Rates (Up to 12%)
Earn up to 12% p.a. on your recurring deposits — substantially higher than banks and post office RD schemes. The longer you invest, the more you earn.
Start with Just ₹500/Month
You don't need a large lump sum. Begin your RD with as little as ₹500 per month and deposit in multiples of ₹500. Ideal for every income level.
6 Flexible Tenure Options
Choose from 12, 24, 36, 48, 60, or 72 months — short-term flexibility or long-term wealth creation, you pick what works for your financial goals.
No TDS on Interest
Interest earned on your NMD Society Recurring Deposit is not subject to TDS. Receive your full maturity amount — zero deduction at source.
Loan Against RD (Up to 90%)
Need emergency funds? Avail a loan of up to 90% of the accumulated RD value without breaking the deposit — at just 2% above the RD rate on reducing balance.
Nomination Facility
Register a nominee for your RD account. In case of any unforeseen event, the maturity amount will be smoothly transferred to your nominated beneficiary.
Auto-Renewal at Maturity
Opt for automatic renewal and keep your savings growing without any interruption. Renew at the prevailing interest rate for a fresh tenure of your choice.
Safe, Registered & Transparent
NMD Society is a registered co-operative under the Co-operative Societies Act, supervised by the RCS. All transactions are fully computerised and transparent.
Goal-Based Savings
RD is perfect for planned goals. Set a target amount, pick the monthly installment and tenure that gets you there, and let NMD Society do the rest.
How to Open Your RD Account
Opening a Recurring Deposit with NMD Society is fast, simple, and completely hassle-free.
Become a Member
An active NMD Society membership is required. Visit the nearest branch with your KYC documents to enroll as a member — it takes just a few minutes.
Visit the Branch
Walk into any NMD Society branch. Our staff will provide you with the RD Application Form and help you choose the right installment amount and tenure.
Choose Your Plan
Decide on your monthly installment (min. ₹500), tenure (12–72 months), and nominee details. Our team will calculate and show you the expected maturity value.
Submit Documents
Submit the filled RD form with your KYC documents (Aadhaar, PAN, photo, address proof) and first month's installment to activate your account.
Deposit Monthly & Grow
Pay your installment every month. Watch your corpus grow steadily, and collect a lump-sum maturity amount at the end of your chosen tenure.
Documents Required
Keep the following documents ready for a quick and smooth RD account opening experience.
🪪 Identity & Address Proof
- Aadhaar Card (mandatory)
- Voter ID Card
- PAN Card
- Passport (if available)
- Electricity or Water Bill (address proof)
- Rent Agreement + Landlord's ID (for tenants)
📸 Additional Requirements
- 3 recent passport-size photographs
- Completed RD Application Form (from branch)
- Active NMD Society Membership details
- Nominee's name, relationship & Aadhaar/ID proof
- Mode of monthly installment payment (cash/cheque)
- Mobile number for SMS alerts & reminders
⚠️ Installment Reminder
To avoid any default penalties or interruption of your RD, please ensure your monthly installment is paid on or before the due date. NMD Society will send SMS reminders before your installment due date. For any difficulties, contact your branch immediately.
