Suvarnkranti Urban Multistate Nidhi Limited

Daily Deposit from Suvarnkranti Urban Multistate Nidhi Limited

A Daily Deposit is a financial instrument where an investor gives a certain sum of money to a bank or a financial institution (company) and the entity pays interest for the duration of the deposit. The rate of interest paid varies depending on the amount and tenure. Investor’s, especially conservative investors, prefer to open Daily Deposit as it is a safe investment option and it can be opened easily and quickly.

Amount	Deposit Monthly	Interest Amount	Incentive Amount	Maturity Amount
50	1500	1710	2290	22000
100	3000	3420	4580	44000
200	6000	6840	9160	88000
300	9000	10260	13740	132000
400	12000	13680	18320	176000
500	15000	17100	22900	220000
1000	30000	34200	45800	440000

Features & Benefits

Guaranteed returns: Unlike investment in the stock market or commodity market, Daily Deposit are not a risky investment as they do not depend on fluctuating market rates. Investors can rest assured that his investments are safe and he will be getting back a guaranteed amount at the end of the tenure.
Easily withdrawable: The amount that is invested in fixed deposit can be withdrawn at any time for a small penalty. The investor may have a financial emergency to meet financial needs during marriage, sickness or when his business is in loss. The penalty is less than that of selling stocks or real estate as the asset cannot be sold easily because of its high value and if you are in a distressed situation, you will sell it for a much lower rate. Whereas, Daily Deposit can be withdrawn at any time and all you lose is a certain interest income.
Flexible in nature: Daily Deposit can be taken for a tenure of 1 month or 1 year or 10 years based on your needs and for whatever amount that you can invest. Daily Deposit can be invested for a tenure of your choice. If you have planned for a big event in 5 years, then you can have a Daily Deposit kept for 5 years to meet your financial requirement in 5 years. You can have various fixed deposit accounts to save for different goals.

Terms & Conditions:

Minimum FD would be of Rs. 10000/- and further in multiple of Rs. 1000/-
Interest calculation yearly compound.
TDS Deducted as per provisions and income tax Act.
Loan available against deposits up to 70% of deposited amount after one month from the date of deposit.
F.D. will not be premature within first 3 month.
If F.D. is matured after 3 month but before 6 month no interest will be paid.
If any person premature its F.D the the person will be paid 3% less of maturity interest after 6 month to 60 months.
In case of death of a depositor, the company will repay to nominee or beneficiary the principle & interest, at which it was accepted.