DAILY DEPOSIT SCHEME
Money can deposit into account on Daily basis. The amount may be as small as you can provide. Money deposited daily. The unique characteristic of this scheme is that a Roxyment BDE collects the money daily. From the account holder’s doorstep. Saving money habits will improve your quality of life will help you feel better and sleep
better. One will be happier knowing he/she has some money aside for unexpected
expenses and look forward to achieving some of their dreams. Roxyment India Nidhi Limited has introduced a uniquely designed “Daily Deposit Scheme” to inbuilt the habits
of saving among people.
Daily Deposit (On investment of Rs.100/- per Day)
| Tenure | Rate Of Interest | Total Deposit Amount | Maturity Amount |
|---|---|---|---|
| 360 Days | 10% | 36,000/- | 38,019/- |
| 720 Days | 11% | 72,000/ | 80,395/ |
| 1080 Days | 12% | 1,08,000/- | 1,27,626/- |
Terms & Conditions
- Daily Deposit account can be opened with minimum 50/-further in multiply of Rs.10/-.
- Interest will calculate daily product basis.
- Loan against deposit is up to 75% of deposit amount or Members Eligibility.
- Rate of interest on loan against Daily Deposit would be 7.5% higher the applicable rate of interest
Lock in Period
For 1 year plan the lock in period will be 1 year. The 2 -year plan will have the lock in period of 18 months. For 3 years plan lock in period will be for 28 months. After lock in period if a customer wants to close the account, the deposited amount will be processed in 1 month from the date of application, also the interest for that month will not be paid. At the time of payment to company or from the company if any losses occur the company will not be responsible for it. In case of any case of natural disaster or pandemic or administrative problem RINL has all the rights to change or modify any of the Terms and Conditions and we will not be legally bonded to it. RINL can also hold or not pay any kind of return during the problematic period. If a customer dismisses the plan before the maturity (Complete plan duration) the rate of interest will be deducted according to the assigned plan from the deposited amount. E.g., if someone is opting for 2 years plan and closes before the lock in period the deduction will be 12% To 25% as per the interest rate of 2 years plan. Exclusions
Death / Total and Permanent Disability (TPD)
The investment plan will operate according to the schedule. Maturity will be given to the nominee on after maturity Date.
• Participation by the insured person in any flying activity, except as a bona fide, fare paying passenger of a recognized airline on regular routes and on a scheduled timetable.
• Psychiatric, mental disorders, Parkinson and Alzheimer’s disease, general debility or exhaustion (“run-down conditions”)
Nomination:
Allowed as per the provisions of Nidhi Rules 2014.
Assignment :
Allowed as per the provisions of Nidhi or Mutual Benefit Society under sub -section (1) of section 620A of the Companies Act, 1956; and every company incorporated as a Nidhi pursuant to the provisions of section 406 of the Act.
Fraud and Misrepresentation:
If any associate of the company makes fraud or misrepresentation the company will not be taking any responsibility for that.