Specification:-
BitiyaNidhi Bond is Term Deposit Product where in depositor gets Four Times of his/her deposit amount in a Specification time period.
Eligibility:-
An Individual in his/her own name.
Jointly by more than one Individuals.
In the name of Trusts, Associations, Educational Institutions, Partnership Firms, Companies and any other Institutions, which are eligible to open a term Deposit account, as per Nidhi Company Rules.
Minimum Deposit Amount:-
INR 5,000/- and further in multiple of INR 1,000/-
Maturity Value:-
On Due Date INR 5,000/- shall accumulate into INR 10,000/-
Duration:-
5.5 Year (66 Months)
Premature Payment:-
Not Available up to 3 Years.
Interest Rate Applicable on withdrawal after 3 years as per Nidhi Company Terms & Conditions.
Nomination Facility:-
Nomination Facility Available.
Loan Facility:-
Not Available upto 1 Years.
Maximum of 60% against deposit amount after 1 years.
Interest rate shall be applicable as per Nidhi Company’s Terms & Conditions
