What will be the maturity amount on a monthly deposit of ₹ 3000 in the 30 month RD scheme of ICICI Bank? Know your earnings
ICICI Bank is offering 7 percent interest to general customers on deposits in 30 month recurring deposit i.e. RD scheme.
If you are a senior citizen, then ICICI Bank is offering you 7.50 percent interest on deposits in the 30 month RD scheme.
If a normal customer deposits Rs 3000 in this RD scheme for 30 months at 7 percent interest rate, then according to the calculation the maturity amount will be Rs 98,563.
If you are a senior citizen and deposit Rs 3000 in RD scheme for 30 months at 7.50 percent interest rate, then according to the calculation the maturity amount will be Rs 99,208.
That means a normal customer will earn Rs 8,563 in this time, whereas his investment amount is Rs 90,000. Similarly, a senior citizen will earn Rs 9,208 against his investment amount of Rs 90,000.
