Member Savings
Recurring Deposit
A disciplined monthly contribution plan designed to help members save toward planned goals.
The Recurring 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] per month
- Maximum amount
- As per company policy [VERIFY]
- Tenure
- [VERIFY: e.g. 12 to 60 months]
- Applicable rate
- [VERIFY]% p.a.
- Compounding
- [VERIFY: Compounding frequency]
- Payout
- At maturity
- Effective from
- [VERIFY: Effective date]
- Eligibility
- Eligible members only
- Nomination
- Available
Who this product suits
- Members seeking disciplined monthly savings
- Members saving for education, weddings or planned purchases
- Members who prefer small regular instalments over a lump sum
Illustrative example
| Deposit | Tenure | Illustrative rate | Estimated maturity |
|---|---|---|---|
| ₹[VERIFY] per month | [VERIFY] months | [VERIFY]% | ₹[VERIFY] |
The illustration is indicative. Actual maturity depends on the applicable rate, deposit date, payment regularity, deductions and company terms.
Depositing and servicing
- Monthly instalments payable through approved payment modes [VERIFY: modes]
- Missed-instalment treatment as per the applicable member circular [VERIFY]
- Passbook or receipt issued for every instalment
- Maturity instructions can be given before the maturity date
- Renewal available as per company policy
Premature closure
- Premature closure permitted subject to the applicable lock-in period [VERIFY]
- A reduced rate and/or adjustment applies as per the member circular [VERIFY]
- Required documents: passbook, closure request form and identity proof
- Processing period as per company policy [VERIFY]
Loan against this deposit
- Eligible members may request a loan against the deposit as per policy
- Maximum percentage of deposit value: [VERIFY]%
- Applicable loan interest as per the current circular [VERIFY]
- A lien is marked on the deposit until the loan is repaid
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
What happens if I miss a monthly instalment?
Missed instalments are treated according to the applicable member circular, which may include a nominal adjustment. Please contact your branch for the current terms. [VERIFY]
Can I close my Recurring Deposit early?
Premature closure is permitted subject to the lock-in period and adjusted terms specified in the applicable circular. [VERIFY]