FIXED DEPOSIT PLAN (FD)

Fixed deposits are investment instruments offered by banks and non-banking financial companies, where you can deposit money for a higher rate of interest than savings accounts. You can deposit a lump sum of money in fixed deposits for a specific period, ranging from 1 year to 5 years. This scheme is meant for investors who want to deposit a fixed amount, in order to get a lump sum after some years. The small monthly savings in the FIXED Deposit scheme enable the depositor to accumulate a handsome amount on maturity. Interest at term deposit rates is computable on quarterly compounded basis.

* It is mandatory to become a member in Maha-Kisan Nidhi Limited to open a F.D. Account.
* It is Mandatory to complete the KYC Norms.
* Interest amount is subject to TDS deductions as per existing income tax rules.
* Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Fixed Deposit.
Facilities:
* 90% Loan facility is available against deposits. Nomination facility is available for deposits.
* Interest rates are subject to change at the sole discretion of the Maha-Kisan Nidhi Limited.
* Maha-Kisan Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.
*Terms & Conditions apply and all deposit plan only for member*.