This scheme features interest payable at the contracted rate every month, on the fixed deposit which is accepted for any period from 1 year to 5 years. Suitable for investors who want to earn a regular fixed income with guaranteed returns at a certain rate of interest every month. If you’re looking to get monthly income, you can choose the option to get payouts on a monthly basis.
✔ Fixed Monthly Income
✔ Flexible Tenure
✔ Higher Interest Rates
✔ Loan Facility on Your Deposit
• It is mandatory to become a member in Shri Baradiya Nidhi Limited to open a M.I.S. Account.
• It is Mandatory to complete the KYC Norms.
• Open an account with your choice of period from 1 Year to 5 Years.
• Interest is paid/credited to the Savings account of the member during the last week of every month.
• Interest will be calculated on yearly compound basis.
• Interest amount is subject to TDS deductions as per existing income tax rules.
• Principal deposit will be given as Maturity Amount to member after minimum term 1 year & maximum term 5 years.
• Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
• Interest rates are subject to change at the sole discretion of the Shri Baradiya Nidhi Limited.
• Shri Baradiya Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.