LOKUNNATI PIGMY DEPOSITS OR DAILY DEPOSIT SCHEME (DDS) :-

Daily Deposit Scheme is a monetary deposit scheme introduced by LOKUNNATI INDIA NIDHI LIMITED to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.

SNo.Plan TypeMinimum InstalmentROI(%)Maturity Amount(Rs)

Daily Deposit Scheme Features & Benefits:-

  • In this scheme money can be deposited into an account on daily basis.
  • The amount may be as small as Rupees 100/- .
  • The unique characteristic of this scheme is that an agent from the bank collects money to be deposited, on daily basis, from doorsteps of account holder.
  • The minimum denomination of the scheme is Rs.100/- per day and in multiples of 100.
  • Earn up to 8%p.a. from your Pigmy Deposit Scheme with Lokunnati India Nidhi Limited.
  • Min amount of deposit for opening a Pigmy Deposit Scheme with us is Rs. 100 only and thereafter multiple amount of Rs. 100
  • Avail Quick Loan Against your Pigmy Deposit (Up to 80% on standing amount.)
  • Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.25%higher than normal prevailing interest rate on Recurring Deposit Scheme & Pigmy Deposit Scheme.
  • Defaulters will be charged Rs. 5 per Rs.100 per 15 days
  • The tenure of the account is for 1 year and above
  • The member account holder shall surrender the passbook and duly signed maturity form to the company and the maturity shall be paid along with the interest as per below mentioned chart provided. No additional interest would be paid on the maturity amount, if taken after the scheduled period
  • To enable the depositor(s) to earn high rate of Interest below are the slabs for Interest Rates provided: -

Terms&Conditions:

  • It is Mandatory to become a member in Company & Complete the KYC Norms.
  • Nomination Facility available for Deposits.
  • Interest rates are subject to change at the sole discretion of the Lokunnati India Nidhi Limited.


Note:

  • Maturity payment of regular accounts :- Maturity amount shall be paid to the memberAccount Holder within 7 days from the demand made with the company

  • Maturity Payment of irregular accounts :- The account where in the memberAccount Holder has not continued the account regularly, as specified in clause:

  • 1) above would be treated as irregularAccount. The company will charge liquidated damages on these irregular accounts on account of non-receipt of deposit instalments in time and the resultant loss of investment opportunity. etc. The liquidated damages would be deducted from or adjusted against the interest amount payable to the member account holder. No deduction of any kind shall be made from the principle amount deposited by the member account holder. Therefore, at the time of maturity, the payment in these accounts shall be made with interest as per the chart available at the company offices.


    2) Pre-Maturity is not allowed at any point of time but member can avail loan facility.


Terms&Conditions:

  • It is Mandatory to become a member in Company & Complete the KYC Norms.
  • Nomination Facility available for Deposits.
  • Interest rates are subject to change at the sole discretion of the Lokunnati India Nidhi Limited.

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