CRBF LTD - (Nidhi Company)

This company has started its operation in the year 1994 and it has been awarded a Nidhi Status by the govt.

Main objective`s pursued by the company on its incorporation are:

To promote, encourage and afford all facilities for savings habits among the members of the company, through the way of fixed, Recurring, savings, Reinvestment deposits and other permissible deposits from such members of the company as per law.

To provide safety lockers to the members of the company for safety purposes, on rental basis.

Various Deposit scheme

  • Fixed Deposit Scheme.
  • Jayanithi Deposit Scheme.
  • Recurring Deposit Schemes.
  • Saving Deposit Account.
  • Jewel Loan.

Fixed Deposit Scheme

  • Minimum Deposit amount Rs.10, 000.
  • 0.5% Additional interests to senior citizens.
  • You can receive up to 80% as loan on your Deposits/Investments.
  • Interest payable on 1st of every month by cash at your door steps or by cheque.
  • For out station depositors’ interest payable by D.D OR Electronic transfer.

Years

Investment (Rs)

Annual Interest

1

10,000

12 %

2

10,000

12 %

3

10,000

12 %

4

10,000

12 %

5

10,000

12 %

Jayanithi Deposit Scheme Minimum deposit Rs .10,000/- Interest added to principal quarterly by terms of compound interest.

Years

Investment (Rs)

Maturity Amount

Annual Interest

1

10,000

11,255

12.55 %

2

10,000

12,668

13.55 %

3

10,000

14,258

14.19 %

4

10,000

16,047

15.11 %

5

10,000

18,061

16.12%

Recurring Deposit

Daily recurring deposit scheme. 4 Monthly recurring deposit scheme.

Savings Deposit Account

  • Minimum Deposit Rs.150/- (BALANCE SHOULD MAINTAINED)
  • 4 Interest will be credited once in months at 5%int P.A

Jewel Loan

  • Jewel loan are issued Rs.1,300/- per gram on gold loans.
  • Jewel loan are issued from morning 9.45 to 5.30pm
  • Jewel loan Charges starts from 12.5% int P.A
  • MINIMUM Loan amount Rs.1,000/-and above.