Kisan Nidhi Bond

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Specification
Maharsha Kisan Bond is Term Deposit Product where in depositor gets Three Times of his/her deposit amount in a Specification time period.

Eligibility
  • An Individual in his/her own name.
  • Jointly by more than one Individuals.
  • In the name of Trusts, Associations, Educational Institutions, Partnership Firms, Companies and any other Institutions, which are eligible to open a term Deposit account, as per Nidhi Company Rules.
Minimum Deposit Amount
  • INR 5,000/- and further in multiple of INR 1,000/-
Maturity Value
  • On Due Date INR 5,000/- shall accumulate into INR 15,000/-
Duration
  • 10.11 Yrs (131 Months)
Nomination Facility
  • Nomination Facility Available.
Loan Facility
  • Not Available upto 1 Years.
  • Maximum of 60% against deposit amount after 1 years.
  • Interest rate shall be applicable as per Nidhi Company’s Terms & Conditions
Pre-maturity details
  • Pre-maturity not allowed for 24 months. In this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c's rate of interest.
 

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