Fixed Deposit Plan

The main objective of our institution is to inculcate the habit of savings among our members. The LRSIndia Nidhi Limited is fully financial services company, ensuring that we satisfy our members and create space for growth and development. We accept fixed deposits from our members within the stipulated norms issued by the Ministry of Corporate Affairs and Reserve Bank of India (RBI).


Features and Benefits

Enjoy attractive interest rates

We offer competitive interest rates in market, ensuring best returns on Investment.

** Interest rates are subject to change from time to time – please contact helpdesk for more details.

Enjoy easy mode of withdrawal.

We offer multiple mode of withdrawal like cash, Cheque, NEFT/RTGS or IMPS.

Terms and Conditions

LRSIndia Nidhi Limited offers various fixed deposit plans to our enrolled members. Below are some terms & conditions if you too want to be a part.

  • The minimum amount accepted for deposit is Rs. 50000/- with an additional amount in multiples of 10000.
  • The deposits made in the name of a minor may be operated upon or withdrawn by the person making the deposit and representing the minor as his/her guardian. In case of demise of such guardian, any other person claiming as guardian shall not be entitled to operate upon or withdraw the deposit unless permitted by the Board of Directors, which shall be at their discretion. Money paid to such guardians shall afford a complete discharge to the Fund for payment of the deposit and shall not be questioned by minor or by anyone on his/her behalf.
  • The fixed deposit schemes shall be accepted for a minimum period of 12 months and a maximum period of 60 months.
  • Withdrawal before Maturity - The Company shall not return/pay back any deposit within a period of Six months from the date of its acceptance.
  • On pre-maturity request by the depositor, after six months of the deposit, the depositor shall not be entitled to any interest up to the period of six months from the date of deposit.
  • The interest payable for the remaining period after six months shall be payable by the ordinarily agreed/applicable rate of interest (i.e. rate of interest payable; which the Company would have ordinarily paid, had the deposit been accepted for the period from which such deposit had run) reduced by two percent.
  • Service charges will be deducted on interest as per provisions and Income Tax Act.
  • Interest will be compounded on a quarterly basis. At the time of maturity, the specimen signature of the member shall be tallied.
  • In case of death of the depositor, the company will repay the principal amount and interest to a nominee, at which it was accepted for the Fixed Deposit plan.
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Our Company LRS India Nidhi Limited
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