{"id":1618,"date":"2023-07-08T08:09:38","date_gmt":"2023-07-08T08:09:38","guid":{"rendered":"http:\/\/soulfulnidhilimited.com\/?page_id=1618"},"modified":"2023-10-05T10:36:48","modified_gmt":"2023-10-05T10:36:48","slug":"recurring-deposit","status":"publish","type":"page","link":"https:\/\/soulfulnidhilimited.com\/index.php\/recurring-deposit\/","title":{"rendered":"RECURRING DEPOSIT"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1618\" class=\"elementor elementor-1618\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3982e59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3982e59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ed8fe4d ot-flex-column-vertical\" data-id=\"ed8fe4d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6815dd7 elementor-widget elementor-widget-text-editor\" data-id=\"6815dd7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Keeping eye at various financial goals, Soulful Nidhi Limited has an ample of financial instruments to choose one from. One such is Recurring Deposit, which is almost similar to FD accounts, though the deposits are made regularly instead of making in lump sum. An RD account is opened in the name of the member and maintained by Soulful Nidhi\u00a0 in connection with the Deposits.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a98dce1 elementor-widget elementor-widget-text-editor\" data-id=\"a98dce1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Deposit shall be due for repayment on the date falling on completion of one calendar month from the date of payment of the last Installment or on completion of the Tenure, whichever is later. The effective date from which the credit shall be given for any Installment shall be the date on which Soulful\u00a0 gets clear funds into the Account of the Depositor\/s.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6820628 elementor-widget elementor-widget-text-editor\" data-id=\"6820628\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Depositors can start investing in RD accounts with Uplabdh Nidhi for a minimum deposit of Rs.500, which can be increased in multiples of Rs.100. At the time of opening the account, a depositor shall stipulate the installment amount and the tenure. Please note that the Installment and the number of installments cannot be altered subsequently.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfdf2e9 elementor-widget elementor-widget-heading\" data-id=\"cfdf2e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Payment of installment:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e759a88 elementor-widget elementor-widget-text-editor\" data-id=\"e759a88\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>All deposits into the Account should be made either in cash, local cheque, or according to the Standing Instructions from the Depositor\/s.<\/li><li>Installment for any calendar month must be paid on or before the last working day of that particular calendar month.<\/li><li>The funds deposited on a date following the non-payment of the Instalment for the previous month(s), shall first be appropriated towards the un-paid Instalment.<\/li><li>In case of delay in payment of any Instalment, the Depositor\/s shall be liable to pay monthly interest at the rate of Rs.12 per Rs.500 or part thereof or such other rate as may be specified by Soulful Nidhi Limited for the period of delay.<\/li><li>The total interest so chargeable to the Depositor\/s shall be recovered from the total amount payable at the time of maturity.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da7f61e elementor-widget elementor-widget-heading\" data-id=\"da7f61e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Duration of deposit:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f2df08 elementor-widget elementor-widget-text-editor\" data-id=\"7f2df08\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Deposit can be maintained for a minimum tenure of 1 year in multiple of 3 months subject to a maximum of 60 months. In case of recurring deposits relating to mortgage loans, the maximum period of recurring deposits shall correspond to the repayment period of such loans granted by Soulful Nidhi Limited (SNL).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8a81cd elementor-widget elementor-widget-heading\" data-id=\"c8a81cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Withdrawal conditions before maturity:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b3167b elementor-widget elementor-widget-text-editor\" data-id=\"6b3167b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Uplabdh shall not repay any deposit within a period of three months from the date of its acceptance;<\/li><li>If in exceptional cases, UNL repays any deposit after a period of three months, the depositor shall not be entitled to receive any interest up to six months from the date of deposit.<\/li><li>In case of sudden demise of a depositor, the deposit shall be repaid prematurely to the surviving depositor or nominee or to legal heir with interest calculated up to the date of repayment.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97ae246 elementor-widget elementor-widget-heading\" data-id=\"97ae246\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Nomination facility:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c95c92 elementor-widget elementor-widget-text-editor\" data-id=\"6c95c92\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Nomination facility is available for the Account in the names of individuals. Only one nominee is permissible for an Account and the nomination is to be made by the Depositor\/s duly witnessed by a third person.<\/li><li>The Depositor\/s should ensure that the acknowledgement is given as per the nomination rules framed by RBI.<\/li><li>The Depositor\/s has the liberty to change the nominee, through declaration in the appropriate form to revise the nomination during the currency of the Account with Soulful Nidhi Limited.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Keeping eye at various financial goals, Soulful Nidhi Limited has an ample of financial instruments to choose one from. One such is Recurring Deposit, which is almost similar to FD accounts, though the deposits are made regularly instead of making in lump sum. An RD account is opened in the name of the member and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/pages\/1618"}],"collection":[{"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/comments?post=1618"}],"version-history":[{"count":16,"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/pages\/1618\/revisions"}],"predecessor-version":[{"id":1983,"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/pages\/1618\/revisions\/1983"}],"wp:attachment":[{"href":"https:\/\/soulfulnidhilimited.com\/index.php\/wp-json\/wp\/v2\/media?parent=1618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}