Fixed Deposit Scheme

Umavasudev Nidhi Limited

fixed Deposit

It's time to give your money a chance to grow. Invest in Fixed Deposit.
The best investments are those that provide sufficient returns while ensuring safety. Our Fixed Deposit Scheme lets you invest your money with the certainty of a fixed interest rate and a choice of terms. Anyone looking for a low-risk investment with a predefined investment goal, our fixed rate deposit will guarantee a higher return on your money when compared to your traditional savings or transaction account.

Safe Investment

Flexible Tenure

Higher Interest Rates

Overdraft Facility

Amount 12 MONTHS

11%

24 MONTH

11.5%

36 MONTH

12%

48 MONTH

12.2%

60 MONTH

12.5%

5000 550 575 600 610 625
10000 1100 1150 1200 1220 1250
20000 2200 2300 2400 2440 2500
30000 3300 3450 3600 3660 3750
40000 4400 4600 4800 4880 5000
50000 5500 5750 6000 6100 6250
100000 11000 11500 12000 12200 12500
200000 22000 23000 24000 24400 25000
500000 55000 57500 60000 62500 62500
1000000 110000 115000 120000 122000 125000

Terms & Conditions:

  1. Minimum FD would be of Rs.5,000 and further in multiple of Rs.1000.
  2. Interest will be calculated on Yearly Basis.
  3. Interest amount subject to TDS as per provisions of the Income Tax Act 1961 and rules made thereunder.
  4. Rate of Interest for Senior Citizen shall be 0.5% higher than normal prevailing interest rate.
  5. Loan available against Fixed Deposit up to 75% of deposited amount after one month from the date of deposit.
  6. Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.
  7. The company reserves the right to reject any application for opening the account without assigning any reason.
  8. The company reserves the right to attach/transfer any account to any its branch.

Loan Facility on Deposits:

  1. Loan available against Fixed Deposit up to 75% of deposited amount after one month from the date of deposit.
  2. Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.

Maturity:

  • The Member Account Holder shall surrender the FD Receipt and duly signed maturity form to the company and the maturity shall be paid along with interest as per the applicable scheme of the company.
  • No additional interest would be paid on the maturity amount, if taken after the scheduled period
  • Maturity Amount shall be paid to the Member Account Holder’s saving account with the company within 7 working days from the date of demand made with the company.

* Illustrative calculation of the deposits.