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Fixed Deposit
A fixed deposit is a financial instrument where a member gets assured rate of interest. It is an investment opportunity provided by SAYA NIDHI LIMITED with the benefits of higher rate of interest than a Normal Saving Account.
Rules and Regulation
  • • Minimum FD would be of Rupees 5000/-and further in multiple of Rupees 1000/-
  • • Interest calculation quarterly compound.
  • • TDS Deducted 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 6month.
  • • If F.D.is matured after 6months but before 9 month no interest will be paid.
  • • If any person premature its F.D the person will be paid 3% less of maturity interest after 9 months.
  • • In case of death of a depositor, the company will repay to nominee or beneficiary the principle & interest, at which it was accepted.
  • • This Scheme is available only for registered Members.