Recurring Deposit

Recurring Deposit (RD) is a special kind of term deposit by Nidhi which caters the need of saving for the members with a regular income by making them deposit a fixed amount regularly. If you feel like you need to save but can’t as you don’t exactly know how and where to pool some amount out of your salary, Recurring Deposit Schemes would prove to be the best option for you.

The best feature about this scheme is the fact that you don’t even have to deposit a lump sum amount, start it with your first 1000’s. Brahmaani Nidhi Limited offers best recurring deposit plan in Jaipur and it is somewhat similar to the concept of fixed deposits. The deposit allows members with an opportunity to build up their savings through regular monthly deposits. The duration of the deposit varies from a minimum of 6 months to maximum 10 years with highest (RD) recurring deposit interest rate.

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Loan Procedure

Simple procedure

Fill the form and direct apply on phone

Submit Documents

Submit all loan relavant documents

Guarantors needed

Provide guarantors documents

FD Calculator

PeriodRate of IntrestMaturity Amount
06 Months9.00%10,455/-
12 Months11.00%11,146/-
24 Months11.50%12,545/-
36 Months11.50%14,051/-
48 Months11.75%15,891/-
60 Months12.00%18,061/-

Terms & Conditions 

Brahmaani Nidhi Limited offers various fixed deposit plans to our enrolled members. Below are some terms & conditions if you too want to be a part:

  • The minimum amount accepted for deposit is Rs. 10000/- with additional amount in multiples of 10000.
  • The deposits made in the name of a minor may be operated upon or withdrawn by the person making the deposit and representing the minor as his/her guardian. In case of demise of such guardian, any other person claiming as guardian shall not be entitled to operate upon or withdraw the deposit unless permitted by the Board of Directors, which shall be at their discretion. Money paid to such guardians shall afford a complete discharge to the Fund for payment of the deposit and shall not be questioned by minor or by any one on his/her behalf.
  • The fixed deposit schemes shall be accepted for a minimum period of 6 months and a maximum period of 60 months.
  • Payment mode will be either in cash or cheque (payment up to Rs. 20,000/- to be accepted in cash)
  • After the maturity date, payment on irregular accounts will be made after deducting the penalty amount; maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
  • Charge of Rs. 25 per 1000/- in case of default payment of installment.
  • TDS Deducted on interest as per provisions and Income Tax Act.
  • Best fixed deposit rates will be compounded on quarterly basis.
  • Irregular deposits are not entitled for pre-mature payment and loan facility against it.
  • At the time of maturity, the specimen signature of the member shall be tallied.
  • The company will repay the principal amount and interest to nominee, in case of death of depositor, at which it was accepted for the Fixed Deposit plan in Jaipur, India.