MTS Short Deposits

MTS Nidhi Short Deposits

A Scheme for High Return on your savings even for a short period of less than 1 year. An ideal option for all transitory savings to meet the requirements. An ideal option for all transitory savings.

• Overdraft / loan against deposit provided on demand upto 80% of deposit amount without any guarantor and processing fee, filling of any forms etc. even for 1 day and upto the maturity period of deposits to meet short term requirements and needs.
• For such advances interest shall be charged 1.5% over the deposit rate with monthly rests in case of depositor -borrower and in case your friends want to avail loan against your deposit the rate of interest will be a little higher depending on loan amount.
• Accepted as a Security by Govt. Deptt.
• Accepted as margin for Non-fund based facilities.
• Nomination facility is available.
• Interest will calculate at yearly basis
• Max 10 % interest
• Minimum amount 20,000 and for 10% interest the amount will be deposit more then 50,000.
• Below then 20000 will be paid as normal interest rate.