NAGASHIVA CHIT FUND PVT LTD - Daily-Weekly-Monthly Recurring Deposit

Our Deposit Schemes

Nagshiva Company offers services that no one else provides
This is because Nagashiva Company refunds the amount deposited to the customer as per the customer's demand

Depositing a fixed amount for regular basis

Period of deposit is minimum 1 Year

Repayment with interest on maturity date

DAILY SAVING COLEECTION

‣ Money can be deposited into an account on daily basis. The amount may be as small as Rupees One Hundred. It can be called a Daily Deposit Scheme, as the money is deposited almost daily. The unique characteristic of this scheme is that a our authorize agent collects the money daily, from the account holder's doorstep and SMS is sent to the customer's mobile as confirmation.

‣ This scheme was introduced by Nagashiva Company. The scheme was introduced to help daily wage earners, small businessman and farmers to inculcate saving habits and also as a means to fund their bigger capital requirements, such as a marriage, home buying, vehicle purchase etc.

‣ The identity card holder representative of the organization will visit the account holder's home or place of business and deposit the amount and send them a sms. It will also record the amount in the passbook through online.

‣ Customers can view their daily savings account statement by logging on to the Nagashiva website

SAVING DAILY COLEECTION RATE OF INTEREST

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 11 Months	0%	0%
12 Months	4%	0%

SAVING DAILY COLEECTION RULES

1. If the customer withdraws the amount deposited in the Daily Deposit Scheme within six months, the customer does not get interest and is charged 2% service charge.

2. If the customer withdraws the amount deposited in the daily deposit plan after six months and before eleven months, the customer will get only the amount paid.

3. Nagashiva Company pays interest to the customer only after depositing the daily amount for 250 days in a year.

Daily Deposit Calculator

Interest Type :

Deposit Amount :

Period (in Month) :

Interest Compounding :

Interest Rate :

Maturity Value :

WEEKLY / MONTHLY SAVING COLLECTION

‣ The customer should be able to save money for future in a fixed period of time every month. The "Recurring Deposit" scheme has been launched for this purpose. Those who want to save in this scheme should come to the institution and pay at least Rs. 100 / - (one hundred only) per month or more.

‣ The official representative of the Nagashiva Company will go to the house or shop of the customer who wants to save every month and collect the amount.

‣ And this service available on online 24 hours 7days

MONTHLY DEPOSIT RATE OF INTEREST

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 12 Months	0%	0%
1 Year Complete	4%	0%

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 12 Months	0%	0%
12 Months to 24 Months	4%	0%
2 Years Completed	5%	0%

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 12 Months	0%	0%
12 Months to 24 Months	4%	0%
12 Months to 24 Months	5%	0%
3 Years Completed	6%	0%

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 12 Months	0%	0%
12 Months to 24 Months	4%	0%
24 Months to 36 Months	5%	0%
36 Months to 48 Months	6%	0%
4 Years Completed	7%	0%

Period	Interest Rate	Service Charges
0 Days to 6 Months	0%	2%
6 Months to 12 Months	0%	0%
12 Months to 24 Months	4%	0%
24 Months to 36 Months	5%	0%
36 Months to 48 Months	6%	0%
48 Months to 60 Months	7%	0%
5 Years Completed	8%	0%

This can be demonstrated with an example.

If you deposit an amount of Rs.1000 each month for 2 years, and the Company offers an interest of 5%, then the RD will be calculated as –
M=1000x24+5%
M=24000+1200
M=25200

WEEKLY / MONTHLY DEPOSIT RULES

1. If the members take the paid amount within 6 months from first day, he does not get interest and 2% service charge will be levied on the amount paid.

2. Monthly deposit customer does not get interest if the account period is more than 6 months and less than 12 months and service charges are not levied.

3. If complete 1 year of account period ,will get 4% interest.

4. If complete 2 year of account period ,will get 5% interest.

5. If complete 3 year of account period ,will get 6% interest.

6. If complete 4 year of account period ,will get 7% interest.

7. If complete 5 years of account period ,will get 8% interest.

RECURRING DEPOSIT SCHEMES

Recurring Deposit is a special type of term deposit which enables a depositor, particularly in a fixed income group, to save by paying into the account an agreed fixed amount monthly over a stipulated period.

You can invest per month from Rs 600 to Rs 8,100 using
Nagashiva Special Offer One Lakh Recurring Deposit Scheme.

Sr.No.	Deposit Amount	Period Month	Paid Amount	Interest	Maturity Amount	Percentage
1	8100	12	97320	2719.10	100039.10	5 .10%
2	5350	18	96300	3966.15	100266.15	5 .10%
3	3950	24	94800	5286.13	100086.13	5 .20%
4	3150	30	94500	6591.69	101091.69	5 .20%
5	2560	36	92160	7896.65	100056.65	5 .30%
6	2200	42	92400	9284.56	101684.56	5 .30%
7	1900	48	91200	10750.14	101950.14	5 .40%
8	1650	54	89100	11898.64	100998.64	5 .40%
9	1450	60	87000	13268.63	100268.63	5 .50%
10	1300	66	85800	14510.66	100310.66	5 .50%
11	1200	72	86400	16888.05	103288.05	5 .75%
12	1100	78	85800	18333.39	104133.39	5 .75%
13	1000	84	84000	19508.89	103508.89	5 .75%
14	900	90	81000	20346.40	101346.40	5 .75%
15	850	96	81600	22073.46	103673.46	5 .75%
16	800	102	81600	23681.22	105281.22	5 .75%
17	750	108	81000	25134.91	106134.91	5 .75%
18	700	114	79800	26398.34	106198.34	5 .75%
19	650	120	78000	28297.97	106297.97	5 .90%
20	600	126	75600	29099.28	104699.28	5 .90%

You can invest Monthly EMI 2,400 to 20,950 in 20 to 120 Month,
Nagashiva Company Special Offer Recurring Deposit Scheme from
50,000 to 20,00,000.

Sr.No.	Deposit Amount	Period Month	Paid Amount	Interest	Maturity Amount	Percentage
1	2400	20	48000	2191.23	50191.23	5 .10%
2	2970	24	71280	3974.63	75254.63	5 .20%
3	4675	30	140250	9782.90	150032.90	5 .20%
4	5150	36	185400	15885.84	201285.84	5 .30%
5	7700	36	277200	23751.64	300951.64	5 .30%
6	10250	36	369000	31617.44	400617.44	5 .30%
7	10850	42	455700	45789.78	501489.78	5 .30%
8	11200	48	537600	63369.23	600969.23	5 .40%
9	11450	54	618300	82569.33	700869.33	5 .40%
10	11600	60	696000	106149.05	802149.05	5 .50%
11	11700	66	772200	130595.92	902795.92	5 .50%
12	11750	72	846000	165362.13	1011362.13	5 .75%
13	12850	72	925200	180842.84	1106042.84	5 .75%
14	14000	72	1008000	197027.22	1205027.22	5 .75%
15	15150	72	1090800	213211.60	1304011.60	5 .75%
16	16300	72	1173600	229395.98	1402995.98	5 .75%
17	17500	72	1260000	246284.02	1506284.02	5 .75%
18	18700	72	1346400	263172.07	1609572.07	5 .75%
19	19800	72	1425600	278652.78	1704252.78	5 .75%
20	20950	72	1508400	294837.16	1803237.16	5 .75%
21	15600	96	1497600	405112.93	1902712.93	5 .75%
22	12300	120	1476000	535484.68	2011484.68	5 .90%

RECURRING DEPOSIT RULES

1. The member installment must be paid on the fixed date.

2. Customers who do not pay the installments on time will be charged a penalty of 3% on the installment payable.

3. If member takes the amount before 50% deposit period, 2% service charge is charged.

4. No service charge will be levied if the member takes the amount after 50% deposit period.

5. Premature withdrawal will not be allowed if the term deposit is more than 5 years.

6. If the customer does not pay the installment for three consecutive months, the recurring deposit will be closed and the amount will be credited to their savings account.

7. Interest on Recurring Deposit is applied on a quarterly compounding basis.

You can create your own plans using calculator from Nagashiva Company

( If your plan is right, Nagashiva will implement it )

Recurring Deposit Calculator

Senior Citizen

Monthly Deposit :

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Interest Rate :

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Interest :