Our Deposit Schemes

Made a special offer on plans with more than 20,000.

Daily Dep 6 Months Maturity 12 Months Maturity 18 Months Maturity 24 Months Maturity
50 9000 9300 18250 19000 27250 28462.5 36500 38175
100 18000 18600 36500 38000 54500 56925 73000 76350
150 27000 27900 54750 57000 81750 85387.5 109500 114525
200 36000 37200 73000 76000 109000 113850 146000 152700
250 45000 46500 91250 95000 136250 142312.5 182500 190875
300 54000 55800 109500 114000 163500 170775 219000 229050
400 72000 74400 146000 152000 218000 227700 292000 305400
500 90000 793000 182500 190000 272500 284625 365000 381750

TERMS & CONDITIONS:-

  • Minimum Rs.200 per day in multiples of Rs. 10 only.
  • The company reserves the right to reject any application for opening the account without assigning any reason.
  • The company reserves the right to attach/transfer any account to any its branch.
  • Defaulter charge Rs. 5 per Rs.200 per 15 days.
  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.

TENURE OF PAYMENT:-

The tenure of the account is 12 months and above.

MODE OF PAYMENT:-

  1. All 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. Out station cheques shall not be accepted.
  2. Installments are to be paid regularly in each working day. The member account holder will have to deposit 30 days payment in the month.

ISSUE OF PASSBOOK:-

A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book 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.

MATURITY:-

The Member Account Holder shall surrender the passbook and duly signed maturity form to the company and the maturity shall be paid along with interest as per the below mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period

  • Maturity payment of regular accounts.
    On deposit of Rs. 10/- per day Maturity Amount shall be paid to the Member Account Holder within 7 days from the demand made with the company as per the following chart(for daily mode)
  • Maturity Payment of irregular accounts.
    The account where in the member Account Holder has not continued the account regularly, as specified in clause (1) above would be treated as irregular Account. The company will charge liquidated damages on these irregular accounts on account of non receipt of deposit installments in time and the resultant loss of investment opportunity, etc. The liquidated damages would be deducted from or adjusted against the interest amount payable to the member account holder. No deduction of any kind shall be made from the principal amount deposited by the member account holder. Therefore, at the time of maturity, the payment in these accounts shall be made with interest as per the chart available at the company offices.

PRE MATURE CLOSURE OF DEPOSITS:-

Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

Made a special offer on plans with more than 20,000.

Weekly 26 Weeks Maturity 52 Weeks Maturity 78 Weeks Maturity 104 Weeks Maturity
200 5200 5290 10400 10840 15600 16300 20800 21760
300 7800 7955 15600 16300 23400 24490 31200 32680
400 10400 10580 20800 21680 31200 32600 41600 43520
500 13000 13285 26000 27220 39000 40870 52000 54520
600 15600 15910 31200 32600 46800 48980 62400 65360
700 18200 18535 36400 38010 54600 57090 72800 76200
800 20800 21200 41600 43440 62400 65250 83200 87120
900 23400 23865 46800 48900 70200 73470 93600 98040
1000 26000 26490 52000 54310 78000 81580 104000 108880

(FD) ON DEPOSIT OF RS. 10000/-

DEP. AMT. 1 Year 7% 2 Year 15% 3 Year 24.5% 4 Year 34.5% 5 Year 48% 7.5 Year 10 Year
3000 3210 3450 3735 4035 4440 * *
5000 5350 5750 6225 6725 740 * *
10000 10700 11500 12450 13450 14800 * *
15000 16050 17250 18675 20175 22200 * *
20000 21400 23000 24900 27100 29600 * *
25000 26750 28750 31125 33625 37000 * *
30000 32100 34500 37350 40350 44400 * *
40000 42800 46000 49800 53800 59200 * *
50000 53500 57500 62250 67250 74000 * *
100000 107000 115000 124500 134500 148000 * *

TERMS & CONDITIONS:-

  • Minimum FD would be of Rs.1,000 and further in multiple of Rs.100
  • Interest calculation Quarterly compound.
  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.
  • Loan available against deposit up to 60% of deposited amount after one month from the date of deposit.
  • Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.
  • Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.

PRE MATURE CLOSURE OF DEPOSITS:-

Fore closure of Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

(MIS) INTEREST PAYMENT TABLE - ON DEPOSIT OF RS. 10000/-

Amount MI 3 Year 5 Year 10 Year
IMC+AMT Maturity IMC+AMT Maturity IMC+AMT Maturity
10000 83 13000 10000 15000 10000 20000 10000
15000 125 19500 15000 22500 15000 30000 15000
20000 166 26000 20000 30000 20000 40000 20000
25000 208 32500 25000 37500 25000 50000 25000
30000 250 39000 30000 45000 30000 60000 30000
40000 333 52000 40000 60000 40000 80000 40000
50000 416 65000 50000 75000 50000 100000 50000
60000 500 78000 60000 90000 60000 120000 60000
70000 583 91000 70000 105000 70000 140000 70000
80000 666 104000 80000 120000 80000 160000 80000
90000 750 117000 90000 135000 90000 180000 90000
100000 833 130000 100000 150000 100000 200000 100000

TERMS & CONDITIONS:-

  • Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.
  • Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.
  • Loan available against Deposit up to 80% of deposited amount after one month from the date of 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.

Made a special offer on plans with more than 20,000.

Monthly 6 Months Maturity 12 Months Maturity 18 Months Maturity 24 Months Maturity 30 Months Maturity 36 Months Maturity
500 3000 3125 6000 6275 9000 9425 12000 12575 15000 15725 18000 18875
1000 6000 6250 12000 12550 18000 18850 24000 25125 30000 31450 36000 37750
1500 9000 9375 18000 18825 27000 28275 36000 37725 45000 47175 54000 56625
2000 12000 12500 24000 25100 36000 37700 48000 50300 60000 62900 72000 75500
2500 15000 15625 30000 31375 45000 47125 60000 62875 75000 78625 90000 94375
3000 18000 18750 36000 37650 54000 56550 72000 75450 90000 94350 108000 113250
4000 24000 25000 48000 50200 72000 75400 96000 100600 120000 125800 144000 151000
5000 30000 31250 60000 62750 90000 94250 120000 125750 150000 157250 180000 188750

TENURE OF PAYMENT:-

The tenure of the account is 12 months and above.

MODE OF PAYMENT:-

All 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. Out station 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 pass book 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:-

  • Interest will be calculated on yearly basis.
  • Recurring Deposit minimum amount Rs 200/-, thereafter in multiples of Rs 10/-
  • Loan on deposits will be charged at 18% yearly compound interest basis.
  • Lapse on payment of installment amount will make the defaulter pay Rs 5 per 200 per month with installment amount.
  • 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 installment, 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.
  • Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.
  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961

LOAN FACILITY ON RECURRING DEPOSITS :-

On 24 month and 36 month deposit schemes, after 1 year (after receiving of 12 installments) loan up to 60% of deposited amount will be given.

PRE MATURE CLOSURE OF DEPOSITS:-

Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

Made a special offer on plans with more than 20,000.

QTRLY 4 QTRLY Maturity 8 QTRLY Maturity 12 QTRLY Maturity 16 QTRLY Maturity 20 QTRLY Maturity
3000 12000 12450 24000 25155 36000 37980 48000 51150 60000 64560
5000 20000 20750 40000 41925 60000 63300 80000 85250 100000 107600
6000 24000 24900 48000 50310 72000 75960 96000 102300 120000 129120
7000 28000 29050 56000 58695 84000 88620 112000 119350 140000 150640
8000 32000 33200 64000 67080 96000 101280 128000 136400 160000 172460
9000 36000 37350 72000 75520 108000 113940 144000 154080 180000 193680
10000 40000 41500 80000 83850 120000 126600 160000 170500 200000 215200

Made a special offer on plans with more than 20,000.

AMT 3 Year Maturity 3.5 Year Maturity 4 Year Maturity 4.5 Year Maturity 5 Year Maturity
3000 18000 19050 21000 22350 24000 25680 27000 29040 30000 32430
4000 24000 25400 28000 29800 32000 34240 36000 38720 40000 43240
5000 30000 31750 35000 37250 40000 42800 45000 48400 50000 54050
6000 36000 38100 42000 44700 48000 51360 54000 58080 60000 64860
7000 42000 44450 49000 52150 56000 59920 63000 67760 70000 75670
8000 48000 50800 56000 59600 64000 68480 72000 77440 80000 86480
9000 54000 57150 63000 67050 72000 77040 81000 87120 90000 97290
10000 60000 63500 70000 74500 80000 85600 90000 96800 100000 108100

FEATURE OF SAVING ACCOUNT

Main Features Saving Account
Minimum Deposit Rs 1000 only
Nomination Facility Yes
Attractive Rate of Interest 8.5%
SMS Facility Yes

SAVING ACCOUNT:-

Saving money habit will improve the quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieve some of their dreams. IMC Fidelity Nidhi Ltd. has introduced uniquely designed “Saving Account” to inbuilt the habit of saving among people.

SALIENT FEATURES:-

  • Nomination facility available for deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the prescribed form.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed.
  • For more details approach your branch.
  • Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.
  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.

DOCUMENTATION REQUIRE FOR ACCOUNT OPENING:

Identity Proof : Address Proof :
Passport, Adhar Card Passport, Adhar 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. Please produce the original document(s) for verification & a photocopy of each document.
  2. Mandatory to provide Permanent address and telephone number.
  3. Please avail of the nomination facility.
  4. Mandatory to complete the KYC Norms

*Terms & condition apply and all deposit plan only for members/shareholders.

Greatus Life Mutual Benefit Nidhi Limited

The Company has been formed with an objective of providing socio-economic, financial security and leading to live with a quality life to all its members.

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