A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs
which provides investors a higher rate of interest than a regular savings
account, until the given maturity date. It may or may not require the
creation of a separate account.
On Deposit of Rs. 10,000/-
||Rate of Interest
Term & Conditions.
- • Minimum FD would be of Rs. 5,000 and further in multiple of Rs. 1,000.
- • Interest calculation annually compound.
- • No TDS Deducted on interest. Paid by RAMN NIDHI on Deposit.
- • Loan available against deposit up to 80% of deposited amount
after three month from the date of deposit.
Pre Mature Closure Of Deposits- For closure of Deposits will not be permitted
until completion of 3 months From the date of Deposits. Deposits foreclosed
after 3 months but before 6 months from the date of Deposits no Interest
will be paid. Deposits foreclosed after 6 months, interest at 2% shall be
deducted from the normal rate of Simple Interest for the period of Deposit.
* Terms & condition
apply and all deposit plan only for members/shareholders.