Recurring Deposit Scheme

Loan facility on Recurring Deposits :

  • On 24 month and 36 month deposit schemes, after 1 year (after receiving of 12 installments) loan up to 60% of deposited amount will be given.
  • On 48 month and 60 month deposit schemes, after 1.5 years (after receiving of 18 installments) loan up to 60% of deposited amount will be given

Pre Mature Closure Of Deposits:-

Fore 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 3% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

SPSRD1 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD1 500.00 1 To 12 Months 12.00
SNLRD1 500.00 30 To 730 Months 12.00

SPSRD2 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD2 500.00 30 To 730 Months 12.10
SNLRD2 500.00 1 To 18 Months 12.05

SPSRD3 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD3 500.00 1 To 24 Months 12.10
SNLRD3 500.00 30 To 1095 Months 12.10

SPSRD4 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD4 500.00 1 To 36 Months 12.20

SPSRD5 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD5 1225.00 1 To 60 Months 12.05

SPSRD5 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD5 1225.00 1 To 60 Months 12.05

SPSRD6 Scheme

Scheme Name Minimum Balance Period of Deposit Rate of Interest
SNLRD6 1100.00 1 To 39 Months 10.00

Choose your Recurring Deposit Scheme as per your requirements and avail the option of applying for savings account in our Nidhi Company in Darbhanga.