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OUR SchemeS


Monthly Income Scheme

Interest Payment Table (On Deposit of Rs. 10000/-)
Period Returning Tenure Monthly Income
5 Year Monthly 104/-
5 Year Quarterly 315/-
5 Year Half Yearly 638.50/-
5 Year Yearly 1313.50/-


Terms & Conditions:-

  • Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
  • No TDS Deducted on interest paid by LOK VIKAS Nidhi on Deposits.
  • Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
  • Loan available against Deposit up to 75% of deposited amount after one month from the date of deposit.
  • Rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.

Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.

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