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 Maturity value
  6 Months 5.97% 1,030
  1 Year 6.96 % 1,072
  2 Years 7.45% 1,160

Reinvestment / Cumulative Deposit for SR.Citizen

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

For Deposit of Rs.1000/-

Reinvestment/Cumulative Deposit Scheme Rate Maturity value
  6 Months 6.46% 1,032
  1 Year 7.45 % 1,077
  2 Years 7.94%p.a 1,172

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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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