Reliable FD Plan
Carries – Little / No Risk.
Reliable FD Plan
Master Urban Nidhi is similar to a Bank fixed deposit, Post Office Fixed Deposit/ Time Deposit (POTD) Scheme, A fixed deposit (FD) is a financial instrument provided by banks or NBFC s which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
Fixed Deposit scheme, offered by Master Urban Nidhi Limited, is a good Fixed Deposit (FD) plan that offers one of the best FD rates in the industry. Master Urban Nidhi Limited fixed deposit rates range from 8.75% to 10.25% p.a. We offer a number of Master Urban Nidhi Limited Fixed Deposit schemes that come with various facilities.
Reliable FD Plan
| Period | Compound Interest Scheme | Quarterly Interest Scheme | ||
|---|---|---|---|---|
| Months | Min. Amount | Rate of Interest%* | Min. Amount | Rate of Interest%* |
| 12 | Rs. 10,000 | 7.00% | Rs. 25,000 | 6.50% |
| 24 | Rs. 10,000 | 7.25% | Rs. 25,000 | 6.75% |
| 36 | Rs. 10,000 | 7.50% | Rs. 25,000 | 7.00% |
| 48 | Rs. 10,000 | 8.00% | Rs. 25,000 | 7.50% |
| 60 | Rs. 10,000 | 8.50% | Rs. 25,000 | 8.00% |
|
Special Rate of
additional 0.50% interest for Senior Citizens and Women |
Special Rate of
additional 0.75% interest for Senior Citizens and Women |
|||
| Period | Compound Interest Scheme | |
|---|---|---|
| Months | Min. Amount | Rate of Interest%* |
| 12 | Rs. 10,000 | 7.00% |
| 24 | Rs. 10,000 | 7.25% |
| 36 | Rs. 10,000 | 7.50% |
| 48 | Rs. 10,000 | 8.00% |
| 60 | Rs. 10,000 | 8.50% |
| Special Rate of additional 0.50% interest for Senior Citizens and Women | ||
| Period | Quarterly Interest Scheme | |
|---|---|---|
| Months | Min. Amount | Rate of Interest%* |
| 12 | Rs. 25,000 | 6.50% |
| 24 | Rs. 25,000 | 6.75% |
| 36 | Rs. 25,000 | 7.00% |
| 48 | Rs. 25,000 | 7.50% |
| 60 | Rs. 25,000 | 8.00% |
| Special Rate of additional 0.75% interest for Senior Citizens and Women | ||
*Interest Rates are Annual. *Terms and Conditions Apply.
FD Deposit Terms & Conditions
- Minimum FD would be Rs.10000 For Compounding & Rs.25,000 for Quarterly Interest.
Maximum deposit amount: No Limit - TDS will be deducted on Interest.
- “Maturity / Pre-closure amount will be paid via a/c payee cheque/RTGS/NEFT. “
- Premature Refund : 0 to 3 Months – No interest. After 3 months – 2% less than the applicable ROI for period the deposit has run.
- Maturity Intimation will be sent 15 days in advance.
- If the Due Date is a public holiday, payment will be made on the next working day.
- In case of death of a depositor, the company will repay to nominee the principle & interest, When name is registered as nominee.
- Minimum FD would be of Rs. 1000/- and further in multiple of Rs. 1000/-
- Interest calculation yearly compound.
- Interest will be calculated Quarterly via compound interest.
- TDS will be deducted on Interest.
- Loan against deposit is up to 75% of deposit amount after 6 months.
- Rate of interest on loan against FD would be 8.5% higher than the applicable rate of interest.
- Special Rate of Interest will apply only to Senior Citizen,Womens,physical handicap,and Minor childrens.