Monthly interest scheme is introduced by Brofin Nidhi ltd which is a period of time to a certain extent, at competitive rates of interest and with different features to suit the investment needs of individual members.
Features & Benefits:
- 1. Attractive and assured Return.
- 2. Impeccable services.
- 3. A wide range of deposit products to choose.
- 4. Quarterly interest will be credited to the depositor's Bank account, if opted.
Terms & Conditions:
1. Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
2. No TDS Deducted on interest paid by MountSoft on Deposits.
3. Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
4. Loan available against Deposit up to 75% of deposited amount after one month from the date of deposit..
5. Rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.
Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on premature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.
| Sr. No. | DEPOSIT AMOUNT | 1 YEAR (10.50%) | 2 YEAR (11%) | 3 YEAR (11.5%) | 4 YEAR (12%) | 5 YEAR (12.5%) |
|---|---|---|---|---|---|---|
| Maturity Amount | ||||||
| 1 | 5000 | 5546 | 62111 | 7025 | 8023 | 9252 |
| 2 | 10000 | 11092 | 12423 | 14051 | 16047 | 18504 |
| 3 | 20000 | 22184 | 24847 | 28102 | 32094 | 37009 |
| 4 | 100000 | 110920 | 124238 | 140513 | 160470 | 185045 |
