Features of HESSA Recurring Deposit Account :
Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring depost account Minimum amount Rs.500/- and multiplies of 500/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.

• In PRIDE , minimum amount that can be deposited is Rs. 500/- at regular intervals.
• The period of deposit is minimum 1 year and maximum five years.
• The most attractive rate of interest of 9.5% p.a .
• Providing the loan facility .The loan can be given upto 75% of the amount standing the credit of the account holder

Recurring Deposit Account-1 Year

Amount	Total Deposit Amt.	Maturity Amt. (7.5%)	Interest Amount
500	6000	6248	248
1000	12000	12496	496
1500	18000	18744	744
2000	24000	24991	991
2500	30000	31239	1239

Recurring Deposit Account-2 Year
 

Amount	Total Deposit Amt.	Maturity Amt. (8%)	Interest Amount
500	12000	13046	1046
1000	24000	26091	2091
1500	36000	39137	3137
2000	48000	52183	4183
2500	60000	65229	5229

Recurring Deposit Account-3 Year
 

Amount	Total Deposit Amt.	Maturity Amt. (8.50%)	Interest Amount
500	18000	20546	2546
1000	36000	41093	5093
1500	54000	61639	7639
2000	72000	82186	10186
2500	90000	102732	12732

Recurring Deposit Account-4 Year
 

Amount	Total Deposit Amt.	Maturity Amt. (9.00%)	Interest Amount
500	24000	28935	4935
1000	48000	57869	9869
1500	72000	86804	14804
2000	96000	115739	19739
2500	120000	144673	24673

Recurring Deposit Account-5 Year
 

Amount	Total Deposit Amt.	Maturity Amt. (9.50%)	Interest Amount
500	30000	38436	8436
1000	60000	76872	16872
1500	90000	115308	25308
2000	120000	153744	33744
2500	150000	192180	42180