Alagendran Nidhi Limited

ONLY FOR THE MEMBERS INFORMATION

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FAQ

1. Who can become a member of our Nidhi Company?


Any individual can become a Member.

(ii)Eligible criteria to become a member?

They should buy 10 shares @ 10/- & become a share holder of the company.

2. What are the Documents required to become Member (KYC norms)?


ID proof & Address proof: Aadhar card/ Pan card/ Ration Card/ Driving Licence/ Voter ID/ Passport/ Gas bill etc.

3. Types of Deposit we have and its Rate of interest ?


Visit your nearest branch for deposit information

4. Fixed Deposit interest- Mode of payment?


Interest will be credited through online.

5. Is cash accepted?


Yes, but not beyond Rs 20000/-

6. What has to be done for not deducting TDS?


Interest Income TDS Form 15G Form H
<5000 per annum NA NA NA
>5000 per annum 10% should be deducted or Below 60 years should submit Above 60 years should submit
>250000 per annum 10% must be deducted NA NA

7. Procedure for accepting and Repayment of Deposits?


Accepting & Repayment is through online / Cheque.

8. What is the minimum balance in SD account to be maintained?


The Minimum balance to be maintained in SD account is Rs.50/-

9. Types of jewel loan with Rate of interest?


For JML scheme information, please visit your nearest branch

10. Any hidden charges?


No hidden charges like appraiser fees, pre closure and Insurance charges.

11. Locker facilities?


Locker facilities available at- Vilathikulam, Salem, West Mambalam and Kilpauk branches.

12. Can customer operate their account in any branch?


Yes customer can operate their account in any of our branches through CBS.