Business Hours

Weekdays : 9.00 a.m. to 1.00 p.m. & 1.30 p.m. to 5.00 p.m.

Sunday : 9.00 a.m. to 1.00 p.m. only

Weekly Holiday : FRIDAY



Depositors may Deposit in FD /CC/ RD and Renewal thereof should be made in the prescribed Application form (available in office and in website) duly completed in all respects and accompanied by cash/Cheque/Demand Draft/ NEFT or RTGS etc. in the name of “THE KILPAUK BENEFIT SASWATHA NIDHI LIMITED” from the available periods 06 to 24 months at competitive rates of interest to suit the investment needs of individual Members

  • Deposits will be accepted from Members in Cash if the aggregate Deposits is below Rs.20,000/- only. Otherwise in Cheque or Demand Draft.
  • Interest will accrue from the date of receipt of Cash / Cheque subject to realization.
  • Interest on Monthly Interest Schemes will be paid in Cash / NEFT and transfer to the Savings Account with us.

  • Interest ceases to accrue from the date of maturity of the deposit unless the deposit is renewed on after due date.
  • Income Tax, Wherever applicable will be deducted at Source (TDS) as per Income Tax Act 1961, however TDS will not be deducted if declaration in Form 15G / 15H submitted to the Nidhi at the beginning of each Financial Year.
  • Repayment of Deposits will be made on the due date and Deposits of Rs.20,000/- and above will be repaid only by Cheque / NEFT or RTGS
  • Deposits shall not be repaid within a period of 3 months from the date of acceptance, but can be foreclosed after 3 months with no interest and after 6 months at the reduced rate.

Latest / Revised Rate of Interest on Fixed Deposits are as under :

RATE OF INTEREST ( From 01-06-2020)
GENERAL 7% 7.25% 7.75%
SENIOR CITIZENS (60 Years and Above PHYSICALLY CHALLENGED) - 7.75% 8.25%
CASH CERTIFICATES : (For Rs. 1000/- Deposited)
Maturity Value - GENERAL Rs. 1075 (7.254%) Rs. 1167 (7.747%)
Maturity Value - GENERAL Rs. 1080 (7.721%) Rs. 1179 (8.262%)

Recurring Deposits

Recurring deposit may be opened by Members who want to save certain fixed amount regularly for a certain period and earn a higher interest rate.

  • Recurring Deposits may be made with Minimum amount of Rs.100 and in multiples thereof. Maximum will be as permissible by the Nidhi.
  • Interest calculated on cumulative basis.
  • Pre-closure allowed at any point of time after 3 months at the reduced rate of interest.
  • Subscription Amount should be paid before end of the month to avoid default interest.

Rate of Interest on Recurring Deposits

RECURRING DEPOSITS ( Monthly Deposit of Rs.100/-)
Maturity Value - GENERAL Rs. 1248 (7.2228%) Rs. 2604 (7.7611%)


Savings Deposit Account can be opened on becoming Member of the Nidhi with a minimum of Rs.50/-

  • A Minimum balance of Rs.50/- should be maintained in Savings Account
  • Interest will be given if the Minimum Balance is more than Rs.100/-
  • Interest will be allowed at the available rate for the minimum balance maintained between the 6th and the last working day of each month
  • Interest will not be paid for the amount exceeding Rs. 1 lakh.
  • Maximum Amount of Withdrawal by cash on a single day is less than 20,000/-
  • Interest will be credited to Savings Account once in 6 months i.e. 30th September and 31st March.

The current Rate of Interest on Saving Deposit