Daily Deposit Scheme is a monetary deposit scheme introduced to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.”
Daily Installment | 12 Months Deposit | 12 Months Maturity (Interest @4%) |
18 Months Deposit | 18 Months Maturity (Interest @5%) |
100.00 | 36,500.00 | 37,280.00 | 54,700.00 | 57,750.00 |
50.00 | 18,250.00 | 18,640.00 | 27,350.00 | 28,870.00 |
Features of Safair Nidhi Recurring Deposit (monthly) Account
- In Safair Nidhi minimum amount that can be deposited is minimum Rs. 50/- or in multiple of Rs 50/-
- The period of deposit is minimum one 1 and maximum 1.5 year.
- The rate of interest is 4.00% to 5.00% p.a