Fixed Deposit Scheme Fixed Deposit Scheme is the right option for those member who wish to invest their money and get periodical income by way of interest. In deposit terminology,the term Fixed Deposit refers to a saving account or certificate of deposit that pays a fixed rate of interest until a given maturity date. The fix interest rates vary on factors such as Govenment Policies, Economic Conditions and liquidity in the market. But FIP Nidhi Limited's fixed deposit scheme, the interest rates are fixed and those interest acquired is added to the principal amount yearly. Funds placed in a fixed deposit cannot be withdrawn prior to maturity or they can perhaps only be withdrawn with advanced notice or by having a penalty assessed
| Deposit Scheme | Amount | period | Interest | Remarks |
|---|---|---|---|---|
| Saving Deposit | Rs.1000 minimum balance | NA | 7% | Compound Half Yearly |
| Short Deposit | Rs 5000 to Rs 20,000 | 6 month to less than 1 yr | 8% | Compound Quarterly & Payable on maturity |
| 20,000 above | 12 months to less than 24 months | 10% | Compound yearly & Payable on maturity | |
| do | 24 months to less than 24 months | 10.5% | Compound yearly & Payable on maturity | |
| do | 36 months to less than 48 months | 11% | do | |
| do | 60 months(5 years) | 11.5% | do |