Recurring Deposit Scheme

Loan facility on Recurring Deposits :

  • On 24 month and 36 month deposit schemes, after 1 year (after receiving of 12 installments) loan up to 60% of deposited amount will be given.
  • On 48 month and 60 month deposit schemes, after 1.5 years (after receiving of 18 installments) loan up to 60% of deposited amount will be given

Pre Mature Closure Of Deposits:-

Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 3% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

Daily Deposit Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
Daily Deposit 50.00 1 To 12 Months 10.05

Monthly Deposite Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
Monthly Deposite 500.00 1 To 12 Months 10.05

Choose your Recurring Deposit Scheme as per your requirements and avail the option of applying for savings account in our Nidhi Company in .

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