DAILY RECURRING DEPOSIT SCHEME (DRDS)
Under this scheme, members can join by paying a minimum amount of Rs 100/- and in multiples of Rs 100/- without any limit. This scheme is designed to benefit small business group. This deposit Scheme attracts an interest rate of 6.00% annually. Members can also avail of loan upto 70% of the value so collected on which 8% of interest will be levied.
Little drops of water make a mighty ocean - This deposit scheme suits the needs of everyone viz. businessmen, professionals, wage earners, teachers, salaried personnel, traders, housewives etc. You can save money with the TBF Nidhi Ltd regularly depending on your convenience. And you need not visit the TBF Nidhi Ltd for doing so. The TBF Nidhi Ltd's authorised Agent collects your savings at your doorsteps at regular intervals. And your money silently grows over 365 Days into a lump sum for meeting your future commitments e.g. daughter's marriage, children's education, family functions, house purchase etc.
Choice of Plans
Salient features of the scheme are:
Attractive & Assured Returns
Nomination facility available
Mode Of payment : - Cash
No penalty even if depositor is unable to pay instalments regularly.
Deposit account can be closed prematurely subject to certain conditions.
Loans up to a maximum of 75% of the balance in the DRD A/c Deposit available.
No tax will be deducted for the interest on the deposit.(Kindly submit 15G & 15H Forms at our branch)
Interest Rates for Daily RECURING Deposits
| Maturity Range |
General ROI |
Senior Citizen ROI |
| Per Annum |
6.00 % |
6.00% |
Terms & Conditions
Period of the scheme is 250 Days and 365 Days.
Amount as low as Rs.100/- per day can be saved daily.
Every Day will be collected of instalment amount from DRD customer
Interest Rates for Loan on Deposits
| Loan Range |
General ROI |
Senior Citizen ROI |
| Loan Up to 75 |
7.00% |
7.25% |
| Loan 75 % To 80 % |
8.00% |
8.25% |
The rates of interest are as fixed by the TBF Nidhi Ltd from time to time.
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.
