Muvision Nidhi Limited
Our Services
Savings Account :-
| Minimum Deposit | 500 |
|---|---|
| Nomination Facility | Yes |
| Attractive Rate of Interest | 5% |
| SMS Facility | Yes |
| NEFT/IMPS/UPI/QR CODE | Yes |
| Recharge Facility | Yes |
Money can be deposited / withdraw into an account as per the wish of account holder. SB accounts are opened to encourage by Muvision NIDHI LIMITED members to save money and collect their savings.
KYC Documents Required for Account Opening :-
| Identity Proof | Address Proof |
|---|---|
| Passport | Credit Card Statement (not more than 3 months old) |
| Voter ID Card | Income/ Wealth Tax Assessment Order |
| PAN Card | Electricity Bill (not more than 6 months old) |
| Driving License | Telephone Bill (not more than 3 months old) |
| Aadhaar Card | Bank Account Statement |
| Government/ Defence ID Card | Letter from Reputed Employer |
| ID Card of Reputed Employer | Letter from Public Authority |
| Pension Payment Order | Ration Card |
| Photo ID Card Issued by Post Office | Voter ID Card (only if it contains the current address) |
| Photo ID Card Issued by University | (Lease Deed/Sale Deed) |
| Photo ID Card Issued by Public Authority | |
| NREGA Card | |
| Photo Ration Card | |
| Senior Citizen ID Card |
FIXED DEPOSITS (FD) :-
| Term | Interest Rate |
|---|---|
| 12 Month | 7 % |
| 24 Month | 7.2 % |
| 36 Month | 7.5% |
| 60 Month | 8% |
A fixed deposit is a financial instrument where a member gets assured ROI. It is an investment opportunity provided by Muvision NIDHI LIMITED with the benefits of higher rate of interest than a Normal Saving Account.
Fixed Deposit Features & Benefits:-
- Attractive and assured Return.
- Impeccable services.
- A wide range of deposit products to choose.
- Quarterly interest will be credited to depositor’s Bank account, if opted.
- A minimum FD would be of Rs.5000 and further in multiple of Rs.1000.
- Interest calculation shall be on monthly basis compounding.
- Earn high rate of interest on your savings.
- Quick and hassle free service at door-step to all members
- Nomination facility available for deposits. There can be only one Nominee for a deposit account whether held singly or jointly. Applicants can make nomination by filling up the prescribed form. The nomination details can be changed during the subsistence of the account relationship by filling up the prescribed form.
- Minimum lock-in period and pre-closure charges.
Recurring Deposits (RD) :-
| Term | Interest Rate |
|---|---|
| 12 Month | 8 % |
| 36 Month | 8.5 % |
| 60 Month | 9 % |
Recurring Deposit is a special kind of Term Deposit offered by Muvision NIDHI LIMITED which help members with regular incomes to deposit a fixed amount in every month into their Recurring Deposit account and earn interest at the rate applicable.
Tenure of payment:
The tenure of the account 12 months and above.
Mode of payment:
All payments to the company shall be made either in cash or by cheque. Member can directly deposit at Branch or Bank’s Advisor of your area will collect for your door-step.
Issue of pass book:
A pass book will be issued to every member of account holder. The member account holder shall get the pass book updated at regular intervals. If any discrepancy or differenced in the amount is found between the entries made in the passbooks and receipts duly counter signed by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.
Recurring Deposit Features & Benefits:-
- The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure.
- Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
- Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years.
- A minimum FD would be of Rs.500 and further in multiple of Rs.500.
- Interest calculation shall be on monthly basis compounding.
- The tenure of the account 12 months and above.
- Earn high rate of interest on your savings.
- Quick and hassle free service at door-step to all members.
- Nomination facility available for deposits. There can be only one Nominee for a deposit account whether held singly or jointly. Applicants can make nomination by filling up the prescribed form. The nomination details can be changed during the subsistence of the account relationship by filling up the prescribed form.
- Minimum lock-in period and pre-closure charges.
Daily Deposit Scheme :-
| Term | Interest Rate |
|---|---|
| 365 Days | 8.5 % |
| 730 Days | 9 % |
| 1095 Days | 9.5 % |
A unique savings scheme wherein, the daily income earners can park their surplus funds. An authorized agent of the Bank collects the daily deposits from the customer’s doorstep. An ideal product for those who are into business/self-employment.
Loan Against Security :-
- LOAN Against FD 13% P/A.
- LOAN Against GOLD 14% P/A.
- LOAN Personal Against Security – 18% P/A.
Terms and Condition:
- Loan Processing and file charges 3% .
- Other Terms Condition Applicable As Per Rules Nidhi Rules.
Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the bank against your loan amount.