NIMBLE CHILD EDUCATION PLAN

Specification:

Eligibility: Special plan for child (Boy or Girl) aged between 10 to 18 years.

Nomination Facility: Nomination Facility is available as per Society rules.

NIMBLE CHILD EDUCATION PLAN(Fixed Plan)

One time deposit for 10 years.

Minimum Deposit Amount: Minimum Initial deposit of Rs. 1000/- and further in multiple of Rs.500/-.

An Important feature of the plan is the provision for mid-term paybacks.
In case of 10 year plan , two mid-term paybacks of-
(i) 10% of the principal amount payable after 5 years.
(ii) 10% of the principal amount is paid after 8 years of the successful run of the scheme.

Pre-Maturity: Pre-mature withdrawals are subject to deductions as per the rule of the Society.

Deposit Amount ( Rs. In 120Months)Maturity Amount (In Rs.)
1000 2175
2500 5436
5000 10873
10000 21746
20000 43491
50000 108728
100000 217456
500000 1087278

NIMBLE CHILD EDUCATION PLAN(Recurring Deposit Plan)

Recurring deposit for 10 years.

Payment mode may be Monthly, Quarterly,Half yearly, or Yearly.

An Important feature of the plan is the provision for mid-term paybacks.
In case of 10 year plan , two mid-term paybacks of-
(i) 10% of the target principal amount payable after 5 years.
(ii) 10% of the target principal amount will be paid after 8 years of the successful run of the scheme.

Pre-Maturity: Pre-mature withdrawals are subject to deductions as per the rule of the Society.

Deposit Amount ( Rs. In 120Months)Maturity Amount (In Rs.)
12000 16871
24000 33742
36000 50612
48000 67483
60000 84354
120000 168708
240000 337416
600000 843541
1200000 1687081