Fixed Deposit

fixed deposit (FD) is a financial instrument provided by Dhankosh Fincraft Nidhi to its members, which provides members a higher rate of interest than a regular savings account, until the given maturity date. For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a  recurring Deposit or a demand deposit before maturity. Dhankosh Fincraft Nidhi offer additional services to FD holders such as loans against FD certificates at competitive interest rates.

Popular Fixed Deposit Schemes

Scheme CodeTenureRate of Interest (%)FD AmountMaturity Amount
FD_12 Month12 Months8.2100000108456
FD_24 Month24 Months8.7100000118784
FD_36 Month36 Months9.7100000126973
FD_48 Month48 Months10.2100000149613
FD_60 Month60 Months12100000180611

Terms & Conditions:

  1. It is mandatory to be a member in the Company.
  2. Company will issue shares worth Rs.100/- to FD account holder.
  3. Minimum FD would be of Rs.1000.
  4. Interest calculated quarterly compounded.
  5. Applicable TDS to be deducted on Interest as per the provisions of Income Tax Act.
  6. Loan available against deposit upto 75% of deposit amount after 1 from the date of deposit.
  7. In case of death of a depositor,the Company will repay to nominee or beneficiary the principal & interest, at which it was accepted.