PORT CITY NIDHI LIMITED
RECURRING DEPOSIT
As a low-risk investment tool with moderate and assured returns, Recurring Deposit (RD) is a preferred 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. An RD scheme allows the customers to earn fixed interests on the amount invested at frequent intervals until the tenure is complete. With a minimum and basic amount invested every month, customers have the flexibility of tenure ranging from 12 months to 60 months.
PORT CITY NIDHI LIMITED
INTEREST RATES
RECURRING DEPOSIT
PORT CITY NIDHI LIMITED
BENEFITS
Assured Higher Returns
As a risk-free investment, you will end up with substantial savings at the end of the tenure with interest returns much higher than your typical savings account.
Immunity from Fluctuations in Interest Rate
The interest on RD is calculated at a fixed rate for the entirety of its tenure. So, even if there are sudden changes in the interest rate, your interest will be calculated at the fixed rate ensuring you don’t get impacted by it.
An Effective Measure for Fulfilling Financial Goals
With a 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 has kept the Recurring deposit plan for the convenience of those who have a monthly salary and wish to develop a savings discipline, though it is open for everyone to invest. You can directly open an RD 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.
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
The minimum deposit amount is 50 rupees.
Yes, you won’t be charged any TDS for interest amount up to 40,000 rupees p.a.
The charges and penalty of pre-closure of recurring deposits are similar to that of fixed deposits. Please check our fixed deposit section to know more or call our customer support team.
