PORT CITY NIDHI LIMITED
ISWARYAM CASH CERTIFICATE
Cash certificates are a particular kind of deposit that is purchased for a predetermined amount of money for a specific time. The investor makes frequent payments at the agreed intervals toward this amount till the end of the term of the certificate. Typically, these payments are made every quarter, and the interest accrued is added back so that the deposit earns compound interest at quarterly intervals. The investors also have the option of taking a loan against this amount after a certain number of months as agreed while purchasing these certificates.
PORT CITY NIDHI LIMITED
INTEREST RATES
ISWARYAM CASH CERTIFICATE
PORT CITY NIDHI LIMITED
BENEFITS
Assured Higher Returns
As a low-risk investment, you will end up with substantial savings at the end of the tenure with interest returns compounded quarterly at a much higher rate than your typical savings account.
Commitment Towards Savings
As the investor purchases this certificate, it makes the investor commit towards saving this particular amount every quarter. It also restricts the investor from withdrawing the amount on demand or paying a penalty so that the amount stays secure.
The Facility of a Loan
With a predetermined maturity amount at the end of tenure, the investor also gets an option to take a loan (up to 90% of the pledged amount) in case of emergencies.
PORT CITY NIDHI LIMITED
DESCRIPTION
INTRODUCTION
Port City Nidhi has introduced the Iswaryam cash certificates for those savers who prefer to earn more than what most savings, checking, or money market accounts pay, but without getting themselves exposed to the risk or volatility of the market. These government-backed securities are the safest bet with great interest returns in market.
OUR PLANS
We offer the cash certificates for our members with the flexibility to opt for tenures ranging from 36 to 60 months. Our members can decide upon the maturity amount and the quarterly installments they are willing to pay.
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 installment amount will depend upon the agreed maturity amount. You can contact our customer support team to discuss what will be a convenient amount according to your budget and needs.
Yes, these cash certificates are government-backed and insured securities so you never have to worry about risking your money.
As these certificates are an agreed contract between us and the members, closing them before the end of tenure could incur substantial penalties. We request you to kindly get all the information about this scheme from our associates before investing.
