IDHAYAM-G JAGATH NIDHI LIMITED has introduced a saving account plan to encourage the savings habit and enables the depositors to earn income by the interest rates. IDHAYAM-G JAGATH NIDHI LIMITED offers the highest saving account interest rates to its members. Below are the required details: Savings Account Schemes IDHAYAM-G JAGATH NIDHI LIMITED introduced the best saving account schemes to give the members maximum benefits out of their investment with us..
SAVING ACCOUNT SCHEME:
Rules & Regulation Detail.
Savings account is mandatory for each member. All transactions in the company will be routed through the savings account. As per the Nidhi rules, the maximum account balance allowed is Rs.1,00,000.00.
The rate of interest for the Savings account will be 3.50%, subject to change based on the company guidelines. The interest will be computed on daily balances. The interest will be given to Savings account once in a year.
Fixed Deposit scheme is the right option for those who wish to invest their money and get periodical income by way of interest. You can opt for monthly, half-yearly, quarterly or yearly interest payments.
Our Nidhi Fixed Deposit and Monthly investment schemes let’s your money grow and gives immense joy on maturity – A happy state of mind assured – much better than spending money unnecessarily and regretting later.
Among the low-risk investment tools with moderate and assured returns, Recurring Deposit (RD) is a popular investment option in India. It comes with an option of flexibility for customers in the choice of investment amount and tenure accompanied by multiple other benefits.
The minimum investment amount varies from one bank to another. You can open this account with an amount as small as Rs. 100.
The minimum deposit tenure starts from 6 months. You can choose a suitable period of deposit with a maximum tenure stretching up to 5 years.
Withdrawal from this account is allowed only after it attains maturity. However, if you choose to withdraw the amount before the maturity period ends, it attracts a premature penalty.
You also have an option to avail a loan against the RD. Banks may allow up to 95% of the deposit amount as a loan against deposit used as collateral.
If you find it inconvenient to deposit the amount periodically, banks also facilitate such payments as deductions from a linked account (savings or current) upon standing instructions.
A recurring deposit is one of the simplest financial products in the world to invest in. The concept of investing money in it is pretty simple. For any person who is new to the world of financial investment, experts always advise the person to invest their money in a recurring deposit account. Initial investments in recurring deposit also develops good investing habits for the individual.
Unlike equity and mutual funds, recurring deposits offer guaranteed returns on the principal amount invested in the short term.
The tenure of a recurring deposit account usually varies from 6 months to 5 years. The depositor can select the short-term, medium-term or long-term period for investment in a recurring deposit account. Also the minimum amount to be deposited to open an RD account is Rs.100 for public sector banks and varies from Rs.500 to Rs.1,000 for private sector banks such as ICICI or HDFC bank which is not a huge amount to deposit at the beginning.
Another advantage of investing money in a recurring deposit account is flexibility. A flexible recurring deposit is a scheme in which a person can invest any amount of money (greater than the minimum amount) at any intervals of time. Some banks also allow the facility for the depositor to skip an installment without paying any penalties
Recurring deposit is one of the simplest and easiest financial products to invest in. Usually the experts advise the depositor to invest in short-term tenure that has an attractive interest rate to offer.
IDHAYAM-G Jegath Nithi Limited to Serve Middle And Lower Class People In Rural And Urban Areas With Innovative Idea.
3125
3700000
Copyright 2021 Idhayam-G Jegath Nidhi. all right reserved - Developed by IGFS FAVICONS565