The idea for the deposit double scheme was to give people more incentive to recycle. The process is simple – when a person recycles, they get an amount of money added to their account.
Interest Rate 5.50% p.a. and tenor wise installments are as follows:
|Tenors||3 years||4 years||5 years||6 years|
|Without initial investment:||25,800||18,850||14,720||11,970|
|With initial Investment:||50,000||24,300||17,720||13,800||11,170|
Returns (Interest income is subject to tax)