A Fixed Deposit (FD) is a financial instrument provided by North East Gramin Vikas Nidhi Ltd to its members, which provides members a with higher rate of interest than a regular savings account, until the given maturity date. For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring Deposit or a demand deposit before maturity. North East Gramin Vikas Nidhi Ltd offer additional services to FD holders such as loans against FD certificates at competitive interest rates.
Popular Fixed Deposit Schemes
| Scheme Code | Tenure | Rate of Interest (%) | FD Amount | Maturity Amount |
| FD_12 Month | 12 Months | 9.25 | 10000 | 10925 |
| FD_24 Month | 24 Months | 9.35 | 10000 | 11957 |
| FD_36 Month | 36 Months | 9.45 | 10000 | 13111 |
| FD_48 Month | 48 Months | 9.55 | 10000 | 14402 |
| FD_60 Month | 60 Months | 9.65 | 10000 | 15841 |
Popular Monthly Income Schemes ( M.I.S )
| Scheme Code | Tenure | Rate of Interest (%) | FD Amount | Maturity Amount |
| MIS_12 Month | 12 Months | 8 | 50000 | 333 FOR 12 M. |
| MIS_24 Month | 24 Months | 8.25 | 50000 | 344 FOR 24 M. |
| MIS_36 Month | 36 Months | 8.5 | 50000 | 354 FOR 36 M. |
| MIS_48 Month | 48 Months | 8.75 | 50000 | 365 FOR 48 M. |
| MIS_60 Month | 60 Months | 9 | 50000 | 375 FOR 60 M. |
Terms & Conditions:
- It is mandatory to be a member in the Company.
- Company will issue shares worth Rs.100/- to FD account holder.
- Minimum FD would be of Rs.1000.
- Interest calculated quarterly compounded.
- Applicable TDS to be deducted on Interest as per the provisions of Income Tax Act.
- Loan available against deposit up to 75% of deposit amount after 1 from the date of deposit.
- In case of death of a depositor,the Company will repay to nominee or beneficiary the principal & interest, at which it was accepted.