ABOUT INVESTING
Investing is one of the most effective ways to grow wealth and achieve financial independence. While it may seem complex, at its core, investing is about putting your money to work so it can multiply over time. Whether you’re new to the world of investments or looking to expand your portfolio, understanding the basics of investing can help you make informed decisions and achieve your financial goals.
SAVING ACCOUNT
Features
Mobile banking through Right Micro Finance Grahak App
Initial Funding required: Rs.500
Monthly Average Balance required: Zero
Free cash deposit limit up to Rs.50000 per month; thereafter 0.50% of the transaction amount
Free two cash withdrawals per month; thereafter 0.50% of the transaction amount
Annual subscription charges for the account: Rs.354
Start your Fixed deposit journey with us
Fixed deposit is one of the most innovative ways to invest your money and earn high returns.
Fixed Deposit(Term Deposit)
Park your Lump Sum amount with Right Micro Finance Term Deposit and avail of features like high returns. Invest today through Online Right Micro Finance or by visiting your branch.
Features
Tenure : 1 year to 10 years.
Minimum Deposit is Rs.1000/-
Maximum Deposit : 10,00,000.
Interest Rates : 6% - 10% per annum
Nomination facility available.
Recurring Deposit
Features
Period of deposit Minimum - 12 months | Maximum - 120 months
Available at all branches
Minimum deposit amount is Rs. 100/- per month
Maximum Deposit Amount : 10,000/- per month
Interest Rates : 6% - 8% per annum
Nomination facility available.
A service charge of Rs. 20/- will be levied on Recurring Deposit accounts paid out on or after the date of maturity, wherein there is default in payment of three or more consecutive instalments and the account has not been regularized.
Period of maturity will be started on the date of opening of the account.
Recurring Deposit is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.