Terms & Conditions:

• It is mandatory to become a member in Ishraq Nidhi Limited to open a D.D. Account.
• It is Mandatory to complete the KYC Norms.
• Open an account with your choice of period: 360 Days, 540 Days, 720 Days.
• Interest amount is subject to TDS deductions as per existing income tax rules.
• Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Daily Deposit.
• The Member Account Holder shall surrender the passbook and duly signed application to the company and the maturity shall be paid along with interest as per the above-mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period.
• Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
• Irregular deposits are not entitled loan facility against it.
• On irregular deposits, if all irregular pending deposits are paid then such account will be treated as regular. However, if there is default in payment of even 1 installment, the said account will be treated as irregular.
• At the time of maturity, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
• Interest rates are subject to change at the sole discretion of the Ishraq Nidhi Limited.
• Ishraq Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.