DAILY DEPOSIT

A unique savings scheme wherein, the daily income earners can park their surplus funds. An authorized agent of the Bank collects the daily deposits from the Member’s doorstep. A scheme which suits both the rich a poor alike. An ideal product for those who are into business/self-employment. Fore-Closure with applicable penal cuts possible Loan facility is available for Recurring deposit against the amount present in your deposit account, subject to terms and conditions. TDS applicable as per the extant IT guidelines. Nomination Facility available

Daily Deposit Scheme

FD AMOUNT OF 100000
Scheme Name	Tenure (Month)	Rate of Interest	Invest Amount	Maturity	Interest Benefit
DD	12	8.34	10	3800	150

Terms & Conditions:-

It is mandatory to be a member in the company.
Company will issue one shares (10/- Rs each) for DD Plan.
Minimum DD would be of Rs.10 and further in multiple of Rs. 10.
Interest calculation Monthly compound.
TDS Deducted to be Deducted on interest. Paid by PARAMA NIDHI LTD on Deposit as per provisions and Income tax Act.
Loan available against deposits up to 90% of deposited amount after one month from the date of deposit.
D.D will not be Fore-Closure within first 3 month.
If D.D is matured after 3 month but before 6 month no interest will be paid.
If any person Fore-Closure it’s DD/RD the person will get the interest of saving a/c interest.
In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.

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Daily Deposit

Daily Deposit Scheme

Terms & Conditions:-

Get Started Simple & Securely

Just 3 step away

Let us help your business grow!

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