Custom dimensions 1920x450 px (7)

Fixed Deposit

A fixed deposit, commonly known as FD, is a unique term-deposit that is offered by Indian Banks. FDs are an ideal saving instrument. As per Nidhi rules, Nidhi company can also provide FD facility to its members.

AMT Nidhi provides fixed deposit only to its registered members. Fixed deposit is not compulsory but we encourage our members to start with a small recurring deposit starting with  minimum deposit of Rs 1000. In FD, you have to deposit a fixed one time amount  for the chosen tenure and at the end of your tenure, you earn a cumulative return (quarterly compounding). The minimum term required for our fixed deposit scheme is 1 year and maximum 5 years.

Fixed deposits shall be accepted for a minimum period of 6 month  and a maximum period of 5 years (60 months). But, AMT Nidhi provides a fixed deposit for various tenure  like 1 year, 2 years, 3 years, 4 years and a maximum tenure of 5 years.

The minimum amount of investment is Rs. 1000 for fixed deposit and or in multiple of Rs 1000.

The interest rate of the product is as follows:-
• 1 Year   –    8.00 %   Yearly
• 2 Years –    9.00 %   Yearly 
• 3 Years –     9.50 %  Yearly 
• 4 Years –    10.00 %  Yearly 
• 5 Years –   10.50 %  Yearly 
Interest on FD will be compounded quarterly.
  • No prematurity on FD <=24 months.
  • Members can avail prematurity on FD>24 months. If any person premature it’s FD then the person will be paid 2 % , less of maturity interest. There will also be a processing charge of 200 Rs.
Loan facility is available as per following rules:-
(A) After 24 months : Up to 50% of Deposit amount.
(B)  After 36 months : Up to 75% of Deposit amount.

Types & Rates of Interest

Below table  demonstrates  a FD of Rs 10000.

Period (In Months) Rate of Interest Maturity Amount
12 8.0% 10824
24 9.0% 11948
36 9.50% 13253
48 10.0% 14845
60 10.50% 16791