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 of Rs.100 and multiplies of Rs.100 is accepted every month for a specified period(12Months to 60Months) and the total amount is repaid with interest at the end of the particular period.

Features of Nitya Nidhi Recurring Deposit Account

• → In Nitya Nidhi minimum amount that can be deposited is Rs.100 at regular intervals.
• → The period of deposit is minimum one years and maximum five years.
• → The most attractive rate of interest of 9%p.a with effect from 21st sep 2017.
• → providing the loan facility.The loan can be given up to 75% of the amount standing the credit of the account holder.
• → For premature settlement ,2% less than the contracted rate will be applicable.
• → Interest will be calculated on Quarterly basis.
• → For members only