One listing shows a “sub-banking” branch of Metro Samrudhi Nidhi at Pratap Vihar, Ghaziabad.
authoritative document specifying the terms (interest rate, deposit tenure, minimum amount, maturity) of a “Daily Deposit Scheme” for this particular company.
Some “Daily Deposit” schemes found in other companies/contexts show 12-24-36 month tenures with varying interest rates.
It’s unclear whether Metro Samrudhi offers exactly the same kind of product, or what the exact conditions are for their .
1. Scheme name & official document – Get the scheme brochure or leaflet with full terms.
2. Deposit tenure options & interest rates – How long is the deposit for? What is the rate of interest? Is the interest fixed or variable?
3. Minimum deposit amount & frequency – Since it’s called a “daily deposit scheme”, ask: Is it literally daily, or is it a plan where you give a fixed daily amount to become eligible for maturity after X years?
4. Maturity value / calculation – How is the return calculated? What happens if you stop deposits early?
5. Premature withdrawal / penalties – Are you allowed to withdraw early? What happens then?
6. Security & regulation – As a “Nidhi” company, how is it regulated? Are deposits covered by any insurance or guarantee? (Nidhi companies are regulated by the Ministry of Corporate Affairs/State authorities, but they are not banks. They can only accept deposits from members; understand the risk.)
7. Company credentials – Confirm the company’s registration, that it is in “Active” status. According to records Metro Samrudhi is active.
8. Documentation & receipt – On deposit you should get proper deposit certificate/receipt, clearly stating your deposit, scheme, tenure, interest etc.
9. Tax implications – Interest earned may be subject to tax. Ask about TDS, reporting .