Deposit Interest Rate
METRO SAMRUDHI NIDHI LTD – DEPOSIT PRODUCTS
Metro Samrudhi Nidhi Ltd is a registered Nidhi company offering various member-deposit products such as savings, fixed deposits (FD), recurring deposits (RD), daily deposits, monthly income schemes, and more. It is not a bank in the traditional sense and deposit products are not insured by the government-regulated .
- Interest Rate (Approx): 10% – 12% p.a.
- Tenure: 1–5 years (12–60 months)
- Senior Citizen Extra: +0.5% typical extra (Member benefit)
- Minimum RD tenure: 12 months
- Maximum RD tenure: 60 months
- Penalty/interest reduction on premature withdrawal as per rules.
- Loan facility against RD may be offered up to a percentage after holding period.
Part of deposit offerings. Interest rate is not precisely listed on the public page. Typical Nidhi savings interest ranges between 4% – 6% depending on internal policy but is not officially confirmed.
- Specific public yields are not openly published
- Offers periodic payout
- Yields are typically lower than RD / FD
- Exact rate is not standardized publicly
Nidhi companies are not banks, and deposits are generally not insured by DICGC unless explicitly stated. Deposit security depends on the company’s financial health and legal compliance.
| Deposit Type | Interest Rate Range (p.a.) |
|---|---|
| Fixed Deposits (FD) | 6% – 12.5% |
| Recurring Deposits (RD) | 10% – 12% |
| Savings / Other Deposits | 6% – 12.5% (varies by scheme) |
Interest rates 6% – 12.5% p.a. are approximate ranges and may vary by product, deposit amount, tenure, and membership status.
Always request the written scheme document showing exact interest rates, calculation method simple or compounding maturity payouts, penalties, and terms before placing a deposit.