Recurring Deposits (RD)

Dhaivamagal Recurring Deposit Scheme

For 1 to 3 years which gives annualised return of 8.75% for general public and 9.25% for senior citizens.

For 3 to 5 years which gives annualised return of 8.5% for general public and 9.0% for senior citizens.

Key features:

• Min 1 year; Max 5 years
• For 1 to 3 years, 8.75% interest for the general public and 9.25% for senior citizens
• For 3 to 5 years, 8.50% interest for the general public and 9.00% for senior citizens
• Loan Against Deposit (LAD) is available. 2% additional interest will be charged from agreed ROI.
• Mobile Collection
• Pay at any branches, but closure will be done only at the account opened branch.
• Online monthly fund transfer from any banks to SKFS Current Account will also be feasible.
• Any foreclosure within 6 months will not be eligible for interest claims as per Nidhi Regulations
• Any foreclosure after 6 months, 2% interest rate deduction will be applicable from the assured interest rate as per Nidhi Regulations
• For intermittent payment of any schemes will lead to Penalty as prescribed by management.
• SMS alert for payment and maturity.
• Min Monthly Contribution Amount for RD is Rs.100/-