Fixed Deposit

Fixed Deposit (FD) is a financial instrument provided by Samyak Sambuddha Nidhi to its members, which provides members a higher rate of interest than a regular savings account, until the given maturity date. For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a  recurring Deposit or a demand deposit before maturity. Samyak Sambuddha Nidhi offer additional services to FD holders such as loans against FD certificates at competitive interest rates.

 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR
DEPOSIT AMOUNT INTEREST RATE YLYMATURITY AMOUNTINTEREST RATE YLYMATURITY AMOUNTINTEREST RATE YLYMATURITY AMOUNTINTEREST RATE YLYMATURITY AMOUNTINTEREST RATE YLYMATURITY AMOUNT
100008.25%10,8258.50%11,7728.75%12,8619.00%14,1169.25%15,563
1000008.50%108,5008.75%118,2669.00%129,5039.25%142,4589.50%157,424
3000008.75%326,2509.00%356,4309.25%391,1889.50%431,2989.75%477,688
5000009.00%545,0009.25%596,7789.50%656,4669.75%725,41810.00%805,255
10000009.25%1,092,5009.50%1,199,0259.75%1,321,94610.00%1,464,10010.25%1,628,895
50000009.50%5,475,0009.75%6,022,53110.00%6,655,00010.25%7,387,27710.50%8,237,234
100000009.75%10,975,00010.00%12,100,00010.25%13,400,95610.50%14,909,02110.75%16,661,676

Terms & Conditions:

  1. It is mandatory to be a member in the Company.
  2. Company will issue shares worth Rs.100/- to FD account holder.
  3. Minimum FD would be of Rs.1000.
  4. Interest calculated quarterly compounded.
  5. Applicable TDS to be deducted on Interest as per the provisions of Income Tax Act.
  6. Loan available against deposit upto 75% of deposit amount after 1 from the date of deposit.
  7. In case of death of a depositor,the Company will repay to nominee or beneficiary the principal & interest, at which it was accepted.