Saving Account - Schemes - LRS INDIA NIDHI LIMITED

The habit of saving money is very important as it improves the quality of life, helps you to meet any unexpected expenditure. To serve the purpose, LRS India Nidhi Limited offers saving accounts with attractive interest rates to cultivate the habit of saving among members.

Features and Benefits

Attractive Interest rate

Nomination Facility Available

SMS Facility Available

***Documents Required for Opening a Savings Account***

Proof of Identity

Passport
Voter ID Card
PAN Card
Government/ Defence ID Card
Driving License
Pension Payment Order
Aadhaar Letter / Card
NREGA Card

Proof of Address

Address Proof of Gazetted/ Senior PSU Officers
Passport
Driving Licence
Aadhaar Card
Bank Passbook

Terms and Conditions

It is mandatory to complete the KYC norms.
Saving Account Schemes are mandatory to provide permanent address and a telephone number.
Please provide the original documents for verification and a photocopy of each document is required.
Minimum to be maintained is Rs 1000/-, below minimum balance will attract penalty
The deposits made in the name of a minor may be operated upon or withdrawn by the person making the deposit and representing the minor as his/her guardian.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.
Service charges will be deducted on interest as per provisions and Income Tax Act.
Interest will be compounded on a quarterly basis.
In case of death of the depositor, the company will repay the principal amount and interest to a nominee.