PORT CITY NIDHI LIMITED
ATCHAYA CUMULATIVE DEPOSITS
A Cumulative Deposit is similar to a Fixed Deposit scheme. But, under Cumulative Deposit, the interest accrued on your investment is reinvested that allows you the benefit of compounding return. This yield then gets added to the principal amount which leads to higher returns. For instance, if you invest 1,00,000 rupees in a cumulative FD for one year at an interest of 8% p.a., compounded quarterly. At the end of the tenure, you will get an interest income of 8234.2 rupees – an absolute return of 8.24% effectively. These schemes are thus referred to as multiplier schemes as well.
PORT CITY NIDHI LIMITED
INTEREST RATES
ATCHAYA CUMULATIVE DEPOSIT
PORT CITY NIDHI LIMITED
BENEFITS
Assured Higher Returns
Unlike most other investment schemes that might be vulnerable to market exposure, cumulative FDs generate guaranteed returns on the deposited sum for the investors with higher absolute interest.
Great Capital Appreciation
Cumulative fixed deposit plans offer a great benefit in the form of compounding interest monthly, or quarterly, or half-yearly. This enables the deposit amount to produce substantial returns by the end of tenure.
Long Tenure with Peace of Mind
As the investors can deposit the money for a long term (FDs with five-year investment tenure enable tax-saving too), they can rest assured that the money is in safe hands and that the interest accumulated after each month or quarter is again an investment in the scheme.
PORT CITY NIDHI LIMITED
DESCRIPTION
INTRODUCTION
Port City Nidhi brings you the cumulative deposit scheme under the name of Atchaya Cumulative Deposit. As the name suggests, this indeed is a ‘gift of God’ as the investment will keep on generating further and higher returns for you till the end of the tenure. We o the best interest rates in the market and also provide you the option of taking a loan against the principal amount for your immediate needs.
OUR PLANS
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
No, you don’t need a savings bank account with us. You can open a Cumulative Deposit account directly with us.
You can surely foreclose the account if you wish to. You can contact our customer support team to know about the exact charges and penalties that you would incur in that case.
Atchaya Cumulative Deposit is more suitable for those who don’t need regular interest payouts and can wait on the amount invested till the end of the tenure. To know more about this scheme, please call us or visit your nearest branch.
