Savings Account
A simple everyday account for members to save regularly and withdraw when needed.
- Open to members after KYC
- Aggregate balance up to ₹1,00,000 at any time
- Interest credited as per the rate notified to members
Services
Savings, deposits and secured loans
All services are available only to members of the company. Current interest rates and charges are shared with members at our office.
Savings & Deposits
Fixed Deposit
Park a lump sum for a fixed tenure and earn a known return on maturity.
- Tenure from 6 months to 60 months
- Choice of monthly, quarterly or cumulative interest
- Loan facility against the deposit
Recurring Deposit
Build savings with a fixed monthly instalment that suits your budget.
- Tenure from 12 months to 60 months
- Small monthly instalments
- Disciplined saving towards a goal
Loans
Gold Loan
Quick funds against gold or silver jewellery, with transparent valuation in your presence.
- Secured against gold, silver or jewellery
- Fast processing with minimal paperwork
- Ornaments kept in secure custody
Loan Against Property
Larger needs met against residential or commercial property owned by the member.
- Up to 50% of the property's assessed value
- Clear title and documentation required
- Repayment in easy instalments
Loan Against Deposits
Borrow against your own FD, NSC, KVP or life insurance policy without breaking it.
- Against Nidhi FD, NSC, KVP or LIC policies
- Lower documentation
- Keep your savings intact
Please note
- Deposits are accepted only from members, and loans are given only to members.
- Loans are secured against gold, silver, jewellery, immovable property or eligible deposits only.
- Interest on loans is charged on a reducing-balance basis within the ceiling set by the Nidhi Rules, 2014.
- Sanction of any loan is subject to valuation, documentation and the company's credit policy.