Investment Products in Richha Nidhi Limited:
In exercise of the powers conferred under sub-section (1) of Section 406 read with sub-section (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby
makes the following rules.
To encourage and afford all facilities for cultivating and propagating thrift, saving habits and to render all financial assistance to its members by receiving long and short term deposits and in particular
Savings, Recurring, Fixed and other Deposits from members are as followed by law.
Fixed Deposit Schemes of Banks and Companies which One to Go For?
Fixed deposits are financial instruments that involve a safe investment for a desired tenure with the intention of earning profits at a fixed rate
of interest. Most investors opt for fixed deposit as they offer significant returns while giving them the liberty to choose the tenure and payout frequency for themselves.
Richha Nidhi Limited FIXED DEPOSIT SCHEME
At this time when banks are offering returns of 6%-8%, the news of good-digit returns is a sheer welcome for all those wanting the assurance of capital as well as good returns
over a period of time. Even though Richha Nidhi Limited may be offering the highest Investing in fixed deposits offer a number of benefits such as guaranteed returns, flexible tenure, among others. Fixed Deposits are low risk investments
offered by a number of banks and NBFCs in India. In this Nidhi company collected fixed deposits and given lend loans to members. Fixed Deposits are a most important source of funds for Richha Nidhi Limited, which they lend to make
supporting customer. The principal is protected & returns are guaranteed, it’s a growing investment scheme.
FD accounts can be transferred from Mother Branch to another branch free of cost. (If branches are provide by Government of India).
As per Government law (Nidhi Rule) Non Resident Indians cannot open residential fixed deposits. But they can open in the name of blood relations, father, mother, wife, husband, brother or sister.
