Members are not allowed to close their term deposits within three months after opening them, as per Nidhi regulations.

Nidhi companies are permitted by the Ministry of Corporate Affairs NOT to give any interest rates for term deposits for Six Months.

In this scenario, we encourage our members to take Loan Against Deposit. Members are allowed to borrow a maximum of 80% of the deposited value with an additional 3% of interest charges on deposit.

Members cannot pledge other banks’ or financial institutions’ deposit bonds. So, members can pledge only deposits made with us.