Re-investment Deposit

Get a call back Calculator

Re-Investment / Cumulative Deposit

By choosing the  Reinvestment /Cumulative Deposit Products, members will relish the interest amount at the time of maturity with effective interest rate.

KANDAN MUTUAL BENEFIT SASWATHA NIDHI LTD., has been so competitive and offers great benefits to members by giving the right choices of products and inspired its members through the technologically embedded services. Members’ trust in us, has been strongly proven with “No Default” or “No Delayed Payments” to members for their deposits on maturity.

Apply now

Reinvestment / Cumulative Deposit for General

(FOR Deposit Amount of Rs.1,000/-)

For Deposit of Rs.1000/-

Reinvestment/Cumulative Deposit Scheme Rate p.a Maturity value
  6 Months 6.72% 1,034
  9 Months 7.16% 1,055
  1 Year 7.73% 1,080
  2 Years 8.22% 1,178

Reinvestment / Cumulative Deposit for SR.Citizen

(FOR Deposit Amount of Rs.1,000/-)

For Deposit of Rs.1000/-

Reinvestment/Cumulative Deposit Scheme Rate p.a Maturity value
  6 Months 7.2% 1,036
  9 Months 7.67% 1,059
  1 Year 8.19% 1,085
  2 Years 8.73% 1,190

Get financing for whatever you need now

Enquire Now

Key Features of Re-investment Deposit

  • Respective interest rates according to the given period in the above table for both FD & CD Schemes are same
  • 3 months – No Foreclosure will be allowed as per Nidhi Regulations
  • Before expiry of 6 months No Interests will be paid as per Nidhi Regulations
  • If the foreclosure is done before ONE Year, but after 6 Months then, 5% ROI is applicable
  • Foreclosure charges – Deduction of 2% from the agreed interest
  • Min Period – 6 Months
  • Max Period – 5 Years
  • Loan Against Deposit (LAD) is available. 3% additional interest will be charged from agreed ROI
  • Monthly/Quarterly interest will be credited directly to the SD account, further can be transferred to Member’s other bank accounts based on standing instruction
  • PAN is mandatory. TDS deduction is applicable as per the instructions given by GOI

Re-investment Deposit Eligibilities

  • Must be a share holder, holding 10 shares  of Rs. 10/- each
  • All Transactions with members only

Frequently Ask Questions

Most important Frequently Asked Questions are listed here, if you have more doubts/ questions about our products / Services, feel free to contact our customer support.

Apply Online

    Quick Links

    Loans

    Deposits

    Head Office

    “Kandan Bhavan”
    No.7, Menod Street,
    Purasawalkam,
    Chennai- 600 007.
    044 – 2642 89 29
    info@kandanfund.com

    Branch Office

    “Kandan Bhavan”
    No.25, Lakshmanan Nagar,
    Paper Mills Road,
    Periyar Nagar,
    Chennai- 600 082.
    044 – 2671 16 69
    info@kandanfund.com

    © 2020 | KANDAN MUTUAL BENEFIT SASWATHA NIDHI LTD

    Web Development: Why Global Services

    Book a Gold Loan now for immediate financial demands.

    Avail discount on Appraising fees for Gold Jewel Loan

    50% by Booking Online.

    50% by choosing NEFT.

    Apply Now