Fixed Deposit Scheme

FIXED DEPOSITS (FD) :-

A fixed deposit is a financial instrument where a member gets assured ROI. It is an investment opportunity provided by Janjohar Nidhi Limited with the benefits of higher rate of interest than a Normal Saving Account.

Fixed Deposit Scheme on Deposit of Rs. 100000/-*

Period Rate of Interest Per Annum Interest Maturity Amount
12 Months 9.0% 9,308 109,308
24 Months 9.0% 19,483 119,483
36 Months 9.30% 31,759 131,759
48 Months 9.30% 44,447 144,447
60 Months 9.30% 58,356 158,356

Terms & Conditions:

  1. Minimum FD would be of Rs.5,000 and further in multiple of Rs.1000.
  2. Interest will be calculated on Yearly Basis.
  3. Interest amount subject to TDS as per provisions of the Income Tax Act 1961 and rules made thereunder.
  4. Rate of Interest for Senior Citizen shall be 0.5% higher than normal prevailing interest rate.
  5. Loan available against Fixed Deposit up to 75% of deposited amount after one month from the date of deposit.
  6. Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.
  7. The company reserves the right to reject any application for opening the account without assigning any reason.
  8. The company reserves the right to attach/transfer any account to any its branch.

Loan Facility on Deposits:

  1. Loan available against Fixed Deposit up to 75% of deposited amount after one month from the date of deposit.
  2. Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.

Maturity:

  • The Member Account Holder shall surrender the FD Receipt and duly signed maturity form to the company and the maturity shall be paid along with interest as per the applicable scheme of the company.
  • No additional interest would be paid on the maturity amount, if taken after the scheduled period
  • Maturity Amount shall be paid to the Member Account Holder’s saving account with the company within 7 working days from the date of demand made with the company.
* Illustrative calculation of the deposits.