Member Savings
Monthly Income Deposit
A fixed-tenure member deposit that pays periodic income at the applicable rate. [VERIFY: publish only if genuinely offered]
The Monthly Income Deposit is available only to eligible, approved members of Anjani Nidhi. Current terms — including the applicable rate — are governed by the applicable member circular, effective from the date stated in that circular.
Key information
- Minimum amount
- ₹[VERIFY]
- Maximum amount
- As per company policy [VERIFY]
- Tenure
- [VERIFY]
- Applicable rate
- [VERIFY]% p.a.
- Compounding
- Not applicable (periodic payout)
- Payout
- Monthly [VERIFY]
- Effective from
- [VERIFY: Effective date]
- Eligibility
- Eligible members only
- Nomination
- Available
Who this product suits
- Members seeking periodic income from a lump-sum deposit
- Members planning household or recurring expenses
- Members with a fixed amount to deposit for a defined tenure
Illustrative example
| Deposit | Tenure | Illustrative rate | Estimated maturity |
|---|---|---|---|
| ₹[VERIFY] | [VERIFY] months | [VERIFY]% | ₹[VERIFY] principal at maturity plus monthly payouts |
The illustration is indicative. Actual maturity depends on the applicable rate, deposit date, payment regularity, deductions and company terms.
Depositing and servicing
- Deposit accepted through approved payment modes at authorized branches [VERIFY]
- Monthly income credited or paid as per the applicable circular [VERIFY]
- Deposit receipt or certificate issued
- Maturity instructions accepted before maturity
Premature closure
- Premature closure permitted subject to the minimum lock-in period [VERIFY]
- Interest already paid may be adjusted at the applicable reduced rate [VERIFY]
- Required documents: deposit receipt, closure request form and identity proof
Documents required
- Membership proof
- PAN
- Approved identity proof
- Approved address proof
- Recent photograph
- Nomination details
- Product application form
Do not send full Aadhaar numbers, PAN copies or banking details through public website forms or email. KYC documents are collected only through authorized, secure channels at the branch or member portal.
Frequently asked questions
When is the monthly income paid?
Periodic income is paid according to the schedule in the applicable member circular. [VERIFY]