Our schemes.

Starting from deposit to loan there is various plans and schemes are there.

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Daily Loan Scheme

  1. The loan period will be for three or six months.
  2. The loan amount will be the maximum of Rs. 100,000/-
  3. A person having a daily income will be admissible for D.L.S.
  4. The borrower must have a savings account with  Alize India Nidhi Limited.
  5. The loan will be paid back by daily installments
Loan Amount (3 Month) Daily Installment Loan Amount (6 Month) Daily Installment
10,000 120 10,000 65
20,000 240 20,000 130
30,000 360 30,000 195
50,000 600 50,000 325
100,000 1200 100,000 650

Saving Account

Saving money habits will improve the quality of life and will help you feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieving some of their dreams. Kamla Nidhi India Limited has introduced a uniquely designed ” Savings Account” to inbuilt the habits of saving among people.

Features of Saving Account

Main Features Saving Account
Minimum Deposit Rs 1000/- only
Nomination Facility
Attractive Rate of Interest 6.00%
SMS Facility

 

Salient Features

  1. Nomination Facility available for deposits.
  2. There can be only one Nominee for a deposit account whether held singly or jointly.
  3. A person legally empowered to operate a minor’s account can file a nomination on behalf of the minor.
  4. Applicants can make nomination by filling up the prescribed form.
  5. The nomination details can be changed during the subsistence of the account relationship by filling up prescribed form.
  6. For more details approach your branch.

Documentation Required For Account Opening

Identity Proof Address Proof
Passport , Aadhaar Card Passport, Aadhaar Card
PAN Card Telephone Bill
Voter ID Card Electricity Bill
Driving License Bank Statement with Cheque
Government ID Card Certificate/ ID card issued by Post Office
Photo Ration Card  
Senior Citizen ID Card  

 

Note

  1. It is mandatory to be a member in the company.
  2. Company will issue 1 shares (10/- Rs) for Saving A/c.
  3. Please produce the original document(s) for verification & photocopy of each document.
  4. Mandatory to provide Permanent address and telephone number.
  5. Please available of the nomination facility.
  6. Mandatory to complete the KYC Norms.
* Terms & Conditions apply and all deposit plan only for member/ share holders.

Fixed Deposit Plan

Rs. 10,000/-
Month Rate Maturity
24 10.25% 12,155
36 10.50% 13,492
48 11.00% 15,181
60 11.26% 17,049
Rs. 20,000/-
Month Rate Maturity
24 10.25% 24,310
36 10.50% 26,985
48 11.00% 30,361
60 11.26% 34,098
Rs. 50,000/-
Month Rate Maturity
24 10.25% 60,775
36 10.50% 67,462
48 11.00% 75,904
60 11.26% 85,244
Rs. 1,00,000/-
Month Rate Maturity
24 10.25% 121,551
36 10.50% 134,923
48 11.00% 151,807
60 11.26% 170,489

 

Terms & Conditions:­

  • It is mandatory to be a member in the company.
  • The company will issue 10 shares (10/- Rs each) for FD Plan.
  • Minimum FD would be of Rs.10000 and further in multiples of Rs. 1000.
  • Interest calculation yearly compound.
  • TDS Deducted to be Deducted on interest. Paid by Alize Nidhi on Deposit as per provisions and Income-tax Act.
  • Loan available against deposits up to 70% of the deposited amount after one month from the date of deposit.

Recurring Deposit Plan

Rs. 1000/-
Month  Total Deposit  Rate Maturity 
24 24000 10.50% 26675
36 36000 11% 42457
48 48000 11.26% 60137
60 60000 11.75% 80602
Rs. 2,000/-
Month  Total Deposit  Rate Maturity 
24 48000 10.50% 53350
36 72000 11% 84913
48 96000 11.26% 120274
60 120000 11.75% 161205
Rs. 3,000/-
Month  Total Deposit  Rate Maturity 
24 72000 10.50% 80024
36 108000 11% 127370
48 144000 11.26% 180410
60 180000 11.75% 241807
Rs. 4,000/-
Month  Total Deposit  Rate Maturity 
24 96000 10.50% 106699
36 144000 11% 169827
48 192000 11.26% 240547
60 240000 11.75% 322410
Rs. 5,000/-
Month  Total Deposit  Rate Maturity 
24 120000 10.50% 133374
36 180000 11% 212284
48 240000 11.26% 300684
60 300000 11.75% 403012

Tenure of Payment

The tenure of the tile account is 12 months and above.

Mode of Payment

AIl payments to the company shall be made either in cash or by cheque/draft against the receipt countersigned by its authorized signatory payments by any mode or media other than mentioned above shall be at the member account holder’s own risk. The cheque/draft shall be credited in the name of member Account Holder subject to clearance by the bank. Outstation cheques shall not be accepted

issue of Passbook:­

A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the passbook updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.

Terms & Conditions:

  • It is mandatory to be a member in the company.
  • The company will issue 1 share (10/- Rs) for RD Plan.
  • Interest will be calculated on a yearly basis.
  • Recurring Deposit minimum amount Rs 500/-, thereafter in multiples of Rs 100/­
  • Loan on deposits will be charged at 18% yearly compound interest basis.
  • 1 month after paying last installment or maturity amount due date whichever is more will be applicable for payment of maturity amount.
  • Irregular deposits are not entitled for pre mature payment and loan facility against it.
  • On irregular deposits if all irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of 1 instalment, the said account will be treated as irregular.
  • After maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
  • R.D. will not be premature within first 3 month.
  • If R.D. is matured after 3 month but before 6 month no interest will be paid.
  • After depositing the premium of 6 months, any type of interest will not be given.
  • If any person premature its R.D then the person will be paid 2% , less of maturity interest after 6 months to 60 months.

Monthly Income Scheme

Interest Payment Table (On Deposit of Rs. 10000/-)
Sr. No. Deposit
Amount		 Rate of Interest
(year 18% )		 Total
Interest a/m		 Time
Period		 Per Month
EMI
1 100,000 12% 12,000 12 Month 1,000
2 200,000 12% 24,000 12 Month 2,000
3 300,000 12% 36,000 12 Month 3,000
4 400,000 12% 48,000 12 Month 4,000
5 500,000 12% 60,000 12 Month 5,000
6 600,000 12% 72,000 12 Month 6,000
7 700,000 12% 84,000 12 Month 7,000
8 800,000 12% 96,000 12 Month 8,000
9 900,000 12% 108,000 12 Month 9,000
10 1,000,000 12% 120,000 12 Month 10,000

 

Terms & Conditions:-

  • Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
  • No TDS Deducted on interest paid by Kamla Nidhi on Deposits.
  • Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
  • Loan available against Deposit up to 75% of the deposited amount after one month from the date of deposit.
  • The rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.

Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case, the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.