Fixed Deposit Scheme:- LR Nidhi Limited
Time Period Interest Rate Maturity Amount
6 Months 9.50% 10475/-
12 Months 10.00% 11000/-
24 Months 10.25% 12155/-
36 Months 10.50% 13492/-
48 Months 11.00% 15181/-
60 Months 11.26% 17049/-
Terms & conditions:-
➤ It is mandatory to be a member in the company.
➤ Company will issue 20 shares (10/- Rs each) for FD Plan.
➤ Minimum FD would be of Rs.10000 and further in multiple of Rs. 1000.
➤ Interest calculation yearly compound.
➤ TDS Deducted to be Deducted on interest. Paid by Kamla Nidhi on Deposit as per provisions and Income tax Act.
➤ Loan available against deposits up to 70% of deposited amount after one month from the date of deposit.
➤ F.D. will not be premature within first 3 month.
➤ If F.D. is matured after 3 month but before 6 month no interest will be paid.
➤ If any person premature its F.D the the person will be paid 2%, less of maturity interest after 6 month to 60 months.
➤ In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.
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