Deposit

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Deposit Details

SAVINGS DEPOSITS

Features of RMK Finance Nidhi Ltd. Saving Account

  • Minimum amount of deposits for open a saving Deposit account is Rs. 100.
  • The money can be withdrawn by using withdrawal slip in the concerned branches.
  • Saving account is of continuing nature. There is no maximum period.
  • A minimum amount of Rs. 100/- has to be kept on saving account.
  • No loan facility is provided against saving account.
  • Enable the depositor to earn high rate of Interest @ 7.00% p.a based on daily minimum balance

DAILY DEPOSIT SCHEME (D.D.S)

  • The minimum denomination of the scheme is Rs.50/- per day and in multiples of 50.
  • The company reserves the right to reject any application for opening the account without assigning any reason
  • The company reserves the right to attach/transfer any account to any its branch

RECURRING DEPOSIT

Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring deposit account Minimum amount Rs.100/- and multiplies of 100/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.

Features of RMK Finance Nidhi Ltd. Recurring Deposit Account :

  • In RMK Nidhi Ltd., minimum amount that can be deposited is Rs. 50/- at regular intervals.
  • The period of deposit is minimum 6 MONTH and maximum five years.
  • The most attractive rate of interest of 12.00% p.a .with effect from 01/04/2017.
  • Providing the loan facility .The loan can be given upto 90% of the amount standing the credit of the account holder.

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