Recurring Deposits

Fixed Monthly Investments are made regularly for certain period chosen and Interest is paid along with Total Monthly Deposit after a certain period.

 Recurring Deposit Scheme which gives annualized return of 8.4% to 8.55 % p.a

Recurring Deposits


1 Year  2 Years 3 Years
         FOR MONTHLY DEPOSIT OF RS.100/- (8.4%) 1255 (8.4%) 2610 (8.55%) 4075

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Key Features of Recurring Deposits

  • 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

Recurring Deposits Eligibility

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

Documents Required

  • Address proof (Aadhar).
  • ID proof (PAN).
  • Bank Account Details
  • Others

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