Terms & Conditions:

• It is mandatory to become a member in Jiyadhan India Nidhi Limited to open a Pigmy Account.
• It is Mandatory to complete the KYC Norms.
• Open an account with your choice of period: 1 Year, 3 Years or 5 Years.
• Interest amount is subject to TDS deductions as per existing income tax rules.
• Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Savings Account.
• The Member Account Holder shall surrender the passbook and duly signed application to the company and the maturity shall be paid along with interest as per the above-mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period.
• Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
• Irregular deposits are not entitled loan facility against it.
• On irregular deposits, if all irregular pending payments are paid then such account will be treated as regular. Even if there is default in payment of installment the said account will be treated as irregular.
• At the time of maturity, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
• Interest rates are subject to change at the sole discretion of the Jiyadhan India Nidhi Limited.
• Jiyadhan India Nidhi Limitedreserves the right to alter or add to these rules at any time without any notice.