Fixed Deposit Plan

Terms & Conditions:

• It is mandatory to be a member in the company.
• Company will issue 20 shares (10/- Rs each) for FD Plan.
• Minimum FD would be of Rs.10000 and further in multiple of Rs. 1000.
• Interest calculation yearly compound.
• TDS Deducted to be Deducted on interest. Paid by Bhavishya Jyoti Nidhi Limited on Deposit as per provisions and Income tax Act.
• Loan available against deposits up to 70% of deposited amount after one month from the date of deposit.
• F.D. will not be premature within first 3 month.
• if F.D. is matured after 3 month but before 6 month no interest will be paid.
• if any person premature its F.D the the person will be paid 2%, less of maturity interest after 6 month to 60 months.
• in case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.