Kandan Bhavan
No.7, Menod Street, Purasawalkam, Chennai- 600 007

Working Hours
09:00 AM TO 04:00 PM
Sunday-09:00 AM TO 12:30 PM

  (+91) 7904154320
  (+91) 9444016433
  info@kandanfund.com

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.

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

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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.

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