Interest Payment Table (On Deposit of Rs. 10000/-)
|Period||Rate Of Interest||Monthly Income if required||If Final Amount Required after maturity|
|42 Months – 3 Year and 6 Months||12.00%||Rs.1000/-Per Month||Rs.1,42,000/- Total matured amount|
Terms & Conditions:-
- Minimum MIS amount would be of Rs. 10000/- and further in multiple of Rs.10000/-
- No TDS Deducted on interest paid by Shivatamaj Nidhi Ltd. on Deposits.
- Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
- Loan available against Deposit up to 80% of deposited amount after Three month from the date of deposit.
- Rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.
Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.