ONLY FOR THE MEMBERS INFORMATION

bradcaump images

FAQ

1. Who can become a member of our Nidhi Company?


Any individual can become a Member.

(ii)Eligible criteria to become a member?

They should buy 10 shares @ 10/- & become a share holder of the company.

2. What are the Documents required to become Member (KYC norms)?


ID proof & Address proof: Aadhar card/ Pan card/ Ration Card/ Driving Licence/ Voter ID/ Passport/ Gas bill etc.

3. Types of Deposit we have and its Rate of interest ?


Deposit Scheme General Senior Citizen Age-55 & above Super Senior Citizen Age-75 & above
Fixed Deposit 8.25% (p.a) 8.50% (p.a) 8.75% (p.a)
Special Fixed Deposit 9.00% (p.a)
Cumulative Deposit 8.25% (p.a) 8.50% (p.a) 8.75% (p.a)
Recurring Deposits
12 Months 8.25% (p.a) 8.50% (p.a)
24 Months 8.75% (p.a) 9.00% (p.a)
36 Months 9.00% (p.a) 9.25% (p.a)
48 Months 9.00% (p.a) 9.25% (p.a)
60 Months 10.25% (p.a) 10.05% (p.a)

4. Fixed Deposit interest- Mode of payment?


Interest will be credited through online.

5. Is cash accepted?


Yes, but not beyond Rs 20000/-

6. What has to be done for not deducting TDS?


Interest Income TDS Form 15G Form H
<5000 per annum NA NA NA
>5000 per annum 10% should be deducted or Below 60 years should submit Above 60 years should submit
>250000 per annum 10% must be deducted NA NA

7. Procedure for accepting and Repayment of Deposits?


Accepting & Repayment is through online / Cheque.

8. What is the minimum balance in SD account to be maintained?


The Minimum balance to be maintained in SD account is Rs.50/-

9. Types of jewel loan with Rate of interest?


SCHEMES TENOR RATE OF INTEREST
BEST LOAN 12 Months 12.99% (p.a)
1 RUPEE 12 Months 11.99% (p.a)
SMART LOAN 9 Months 14.99% (p.a)
VYAPAR VIRUDHI 6 Months 16.99% (p.a)
Flexi Choice 12 Months 11.99% & 13.50% (p.a)
AKSHAYAA DHAMAKA 12 Months 10.99% & 14.50% (p.a)
SUPER LOAN 9 Months 13.99% (p.a)
SHORT TERM 3 Months 17.99% (p.a)

10. Any hidden charges?


No hidden charges like appraiser fees, pre closure and Insurance charges.

11. Locker facilities?


Locker facilities available at- Vilathikulam, Salem, West Mambalam and Kilpauk branches.

12. Can customer operate their account in any branch?


Yes customer can operate their account in any of our branches through CBS.