Saving Account

As per Nidhi regulations, the maximum balance in a savings deposit account at any given time qualifying for interest shall not exceed one lakh rupees at any point of time and the rate of interest shall not exceed two per cent above the rate of interest payable on savings bank account by nationalised banks.

"Saving money habits will improve the quality of life and will help you feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieve some of their dreams. Ray Brothers Nidhi Limited has introduced uniquely designed" Savings Account" to inbuilt the habits of saving among people."

Key Benifits.

  • >> Minimum amount of deposits for open a saving Deposit account is Rs. 1000/-.
  • >> The money can be withdrawn by using withdrawal slip in the concerned branches.
  • >> Saving account is of continuing nature. There is no maximum period.
  • >> A minimum amount of Rs. 1000/- has to be kept on saving account.
  • >> No loan facility is provided against saving account.
  • >> Enable the depositor to earn high rate of Interest @ 6.00% p.a based on daily minimum balance.