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RNB India Nidhi Ltd Provides Daily Deposit Account, This scheme has been introduced for daily saving where you can deposit a certain amount for specified period. Daily Deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.

  • Issue Passbook
    A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.
  • Maturity

a) The Member Account Holder shall surrender the passbook and duly signed maturity form to the company and the maturity shall be paid along with interest as per the below mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period

b) Maturity payment of regular accounts.
On deposit of Rs. 10/- per day Maturity Amount shall be paid to the Member Account Holder within 7 days from the demand made with the company as per the following chart(for daily mode)

  • Tenure of Payment
    The tenure of the account is 12 months and above.

Up to 100 – 6 %

101 to 500 – 7 %

501 to 1000 – 8 %

Amount Days Paid Extra Income Total
20 360 7,200 237 7437
50 360 18,000 593 18,593
100 360 36,000 1,186 37,186
200 360 72,000 2,773 74,773
500 360 1,80,000 6,932 1,86,932
1000 360 3,60,000 15,880 3,75,880

Duly filled Account Opening Form with

  • Defaulters will be charged at the rate of Rs. 2/- per Rs. 100/- per 15 days.
  • Pre Mature Closure Of Deposits   

Foreclosure of Deposits will not be permitted until completion of 3 months from the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits, no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

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