Fixed Deposit – CUMULATIVE SCHEME
Rules on KYC are as applicable to SD/RD. However, the minimum amount of FD shall be Rs.1000/- and maximum being any amount with multiples of Rs.100/-. Loan against FD shall be granted up to 80% of the value of FD amount and shall be charged interest 2% more than what this FD earns as interest. Duration of earning interest could be opted either at quarterly intervals or half yearly or even annually subject, of course to TDS.
Fixed deposits are a high-interest -yielding Term deposit and offered by Thiruppalathurai Benefit Fund Nidhi Ltds. The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits.
Salient features of the scheme are:
Attractive & Assured Returns
Nomination facility available
Fixed deposit services are the best idea for senior citizens;
A fixed deposits can be accepted for a minimum of 1 year and a maximum of 60 (5yrs) months
The minimum amount of FD shall be Rs.1000/- and maximum being any amount with multiples of Rs.1000/-.
Loans upto a maximum of 75% of the balance in the FD account available.
The Company shall not return/pay back any deposit within a period of three months from the date of its acceptance.
Interest Rates for Loan on Deposits
| Loan Range |
General ROI |
Senior Citizen ROI |
| Loan Up to 75 % |
FD Interest Scale + 2.00 % |
FD Interest Scale + 2.00% |
| Loan 75 % To 80 % |
FD Interest Scale + 3.00 % |
FD Interest Scale + 3.00% |
* No tax will be deducted for the interest on the deposit.(Kindly submit 15G & 15H Forms at our branch)
Interest Rates for Fixed Deposits Per Annum
| Loan Range |
General ROI |
Senior Citizen ROI |
| 3 Months Less Than 6 Months |
8.00% |
8.25% |
| 6 Months Less Than 9 Months |
8.50% |
8.75% |
| 9 Months Less Than 1 Year |
11% |
11% |
| 1 Year Less Than 5 Year |
10.25% |
10.50% |
| 5 Year |
10.50% |
10.50% |
Terms & Conditions
The rates of interest are as fixed by the Thirppalathurai Benefit Fund Nidhi Ltd from time to time.
The company will repay the principal amount and interest to nominee, in case of death of depositor.
Fixed Deposits account can be closed prematurely subject to certain conditions.
No interest is payable for deposits prematurely withdrawn within the period of 90 days from the date of deposit.
The Company shall not return/pay back any deposit within a period of three months from the date of its acceptance.
For More Details approach your TBF Nidhi Ltd.
Application in the TBF Nidhi Ltd's prescribed form.
Proof of Identity and address as per KYC Norms.(Copy of Family / Ration Card ,Voter Id , Driving Licence , Pan card , Gas Connection , )
Photograph of Depositor/s (2 copies).
Terms & Conditions apply and all deposit plan only for members / Share holders.
Mandatory to complete the KYC forms
Mandatory to provide Permanent address and telephone numbers
Eligibility
Individuals, Joint accounts, Minor accounts, Illiterates, , Pvt Ltd , Government Departments, Non-Corporate bodies viz. Clubs, Societies, Associations, Schools etc.,.
Other Facilities
SMS Alert, Mobile Spot Collection, Safe Lockers, Pass book Cheque Collection etc.
