PORT CITY NIDHI LIMITED
PONMAGAL RECURRING DEPOSIT
Insured Recurring Deposits are an ideal choice for those customers who do not have a lump sum amount to meet short term goals, but can deposit a certain share of their income to the RD every month. Additionally, this scheme also offers a life cover equivalent to the amount receivable by the account holder on maturity including interest. As a low-risk investment, the customer earns a fixed interest on the amount invested at frequent intervals until the tenure is complete, similar to the terms of Recurring Deposit scheme. With a minimum and basic amount invested every month, customers have the flexibility of tenure ranging from 36 months to 60 months.
PORT CITY NIDHI LIMITED
INTEREST RATES
PONMAGAL RECURRING DEPOSIT
PORT CITY NIDHI LIMITED
BENEFITS
Immunity from Fluctuations in Interest Rate
The interest on Ponmangal RD is calculated at a fixed rate for the entirety of its tenure. So, you get protection from the sudden changes in the market interest rates and get assured returns.
An Effective Measure for Fulfilling Financial Goals
With Ponmagal Recurring Deposit scheme, you start making fixed monthly investments that help in inculcating a savings discipline. It is most beneficial for salaried individuals who aim to fulfill multiple financial goals on a fixed income.
PORT CITY NIDHI LIMITED
DESCRIPTION
INTRODUCTION
Port City Nidhi is offering the Ponmagal Recurring deposit plan for the convenience of those customers who are the sole bread earners in the family and want to protect their family in the event of their premature death. You can directly open a Ponmagal recurring deposit account with us and at the end of tenure, we will credit the maturity amount to your account in any bank FREE of charge. As the interest is compounded quarterly, it will enable you to have substantial savings at the end of tenure. And in the event of your premature death during this tenure, the sum assured will be paid directly to the nominee while we will bear the remaining premium expenses for your life insurance cover.
OUR PLANS
We offer the Ponmagal Recurring deposit scheme for our members with the flexibility to opt for tenures ranging from 36 to 60 months. With a monthly investment of as low as 100 rupees, you can start building up on your savings and also protect your family financially in case anything happens to you. These installments can be paid by cheque or through transfer from other bank accounts, and also cash.
PORT CITY NIDHI LIMITED
DOCUMENTS
IDENTITY PROOF
Aadhaar Card
PAN card
ADDRESS PROOF
Passport
PAN card
Voter ID card
Driving Licence
OTHERS
Passport Size Photos - 3
Bank Passbook Copy
Mobile Number
Nominee Proof
PORT CITY NIDHI LIMITED
FREQUENTLY ASKED QUESTIONS
The minimum deposit amount is 100 rupees.
This scheme is available to our customers aged above 18 years and below 55 years.
The maximum life insurance cover extended by us is of 10 lakh rupees. Please check with our customer support team to know about your exact insurance cover sum depending upon the monthly investment amount.
