Daily Deposit Scheme is a monetary deposit scheme introduced to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.”
UNIT PRICE |
PERIOD |
TOTAL DEPOSIT |
ROI |
MATURITY AMOUT |
100 |
365 DAYS |
36500 |
7.00% |
37820 |
100 |
548 DAYS |
54800 |
7.50% |
58028 |
100 |
730 DAYS |
73000 |
8.00% |
79202 |
Features of Nitya Nidhi Daily Deposit Account
- In Nitya Nidhi minimum amount that can be deposited is Rs 100/- or in multiple of Rs 100/-
- The period of deposit is minimum one year and maximum two year.
- The rate of interest is 7.00 p.a% to 8.00% p.a
- Interest rate calculated on quarterly compounding basis