Fixed Deposit Calculator

Fixed Deposit Calculator

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Fixed Deposit Scheme

In exercise of the powers conferred under sub-section (1) of Section 406 read with sub-section (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby makes the following rules.
To encourage and afford all facilities for cultivating and propagating thrift, saving habits and to render all financial assistance to its members by receiving long and short term deposits and in particular Savings, Recurring, Fixed and other Deposits from members are as followed by law.

Fixed Deposit Schemes of Banks and Companies which One to Go For?
Fixed deposits are financial instruments that involve a safe investment for a desired tenure with the intention of earning profits at a fixed rate of interest. Most investors opt for fixed deposit as they offer significant returns while giving them the liberty to choose the tenure and payout frequency for themselves.

At this time when banks are offering returns of 6%-8%, the news of good-digit returns is a sheer welcome for all those wanting the assurance of capital as well as good returns over a period of time. Even though PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED may be offering the highest Investing in fixed deposits offer a number of benefits such as guaranteed returns, flexible tenure, among others. Fixed Deposits are low risk investments offered by a number of banks and NBFCs in India. In this Nidhi company collected fixed deposits and given lend loans to members. Fixed Deposits are a most important source of funds for PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED, which they lend to make supporting customer. The principal is protected & returns are guaranteed, it’s a growing investment scheme.

Features of FD Scheme?

  • Safe investment option.
  • Guaranteed returns.
  • Senior citizens will also eligible for this scheme.

How do you open the account?

  • Account can be opened by Cheque/NEFT/RTGS/Online Payment
  • Date of realization of cheque will be the date of account opening.
  • If you have savings account, then you can Fixed Deposit from your Savings Account Funds.

Deposit Limits

  • Minimum Deposit amount is Rs. 5,000/- and multiple of Rs.1000/-

Account Transfer

FD accounts can be transferred from Mother Branch to another branch free of cost. (If branches are provide by Government of India).

Nomination Facility

  • Nomination facility is available.
  • You can nominate either at the time of account opening or after opening the account (but before maturity).


As per Government law (Nidhi Rule) Non Resident Indians cannot open residential fixed deposits. But they can open in the name of blood relations, father, mother, wife, husband, brother or sister.


  • The depositor is required to fill a form prescribed under the Banking Companies (Nomination Rules) 1856, compulsory for every member who deposits with PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED and in cases where the nominee is a minor; a guardian should be competently appointed.
  • Maturity / Pre-closure amount will be paid through a/c payee cheque or E- transfer mode.
  • In case of you lost your FD Bond than Rs. 300/- with affidavit of Rs. 200 Stamp Paper will be required.