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Specification
MountSoft Kisan Bond is Term Deposit Product where in depositor gets Three Times of his/her deposit amount in a Specification time period.
Eligibility
- An Individual in his/her own name.
- Jointly by more than one Individuals.
- In the name of Trusts, Associations, Educational Institutions, Partnership Firms, Companies and any other Institutions, which are eligible to open a term Deposit account, as per Nidhi Company Rules.
Minimum Deposit Amount
- INR 5,000/- and further in multiple of INR 1,000/-
Maturity Value
- On Due Date INR 5,000/- shall accumulate into INR 10,000/-
Duration
Premature Payment
- Not Available up to 3 Years.
- Interest Rate Applicable on withdrawal after 1 years as per Nidhi Company Terms & Conditions
Nomination Facility
- Nomination Facility Available.
Loan Facility
- Not Available upto 1 Years.
- Maximum of 60% against deposit amount after 1 years.
- Interest rate shall be applicable as per Nidhi Company’s Terms & Conditions
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