Fixed Deposit

Terms And Conditions

• * It is mandatory to be a member in this company.
• * Company will issue 1 share (Rs 100/ Each) for FD Plan.
• * Any Individual can deposit in scheme.
• * Nomination facility is available at the time of opening and also after opening of account.
• * Minimum Fd would be of 10000 and further in multiple of Rs 10000.
• *Interest Calculation hallf yearly compound.
• * TDS deducted to be deducted on interest . Paid by Atulya MBF Limited on deposit as per provisions and income tax Act.
• * Loan available against deposit up to 70% of deposited amount after 3 months from the date of deposit.
• * No premature allow within 90 days of deposit and no interest will be pay if withdraw within 6 months.
• *If Broken before lockin period and after 6 months then 3% P. A. discount rate will be applied on annual rate . No deduction from principle amount.