Terms & Conditions

• It is mandatory to be a member in the company.

• Company will issue 1 shares (10/- Rs each) for FD Plan.

• Minimum FD would be of Rs.10000 and further in multiple of Rs. 1000.

• Interest is compounded halfyerly. Annualized yield is effective annual return basis the same.

• # Simple interest will be paid on maturity for deposit wherever the tenure is upto 240 days.

• TDS Deducted to be Deducted on interest. Paid by Intern Kings Nidhi Limited on Deposit as per provisions and Income tax Act.

• Loan available against deposits up to 70% of deposited amount after one month from the date of deposit.

• Penal interest rate charge of 2% would apply on premature withdrawal.

• Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr.

• Simple interest will be paid on maturity for deposit wherever the tenure is upto 240 days. Income more than tax exempted limits earned through interest on FD is tax-deductible. In the absence of PAN card, TDS will be deducted at 20%.