Bitiya Nidhi 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 up to 1 Years.
- Maximum of 60% against deposit amount after 1 year.
- Interest rate shall be applicable as per Nidhi Company’s Terms & Conditions