Welcome to 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  • Easily withdrawable: The amount that is invested in fixed deposit can be withdrawn at any time for a small penalty.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 Whereas, Daily Deposit can be withdrawn at any time and all you lose is a certain interest income.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.