GLP Balrampur Nidhi Ltd LIMITED is a Public company which is duly approved by the, Ministry of Corporate Affairs, Govt. of India as Nidhi Company under the companies Act, 2013 and that the company is limited by the shares.
As Nidhi We accept deposits from our members/shareholders within the stipulated norms issued by the Ministry of Corporate Affairs. The funds mobilized are utilized to a great extent for advancing of Gold Loans, Property Loans, Personal Loans& Business Loans to its members. Thus, the funds are fully secured and therefore the investments with us are in very safe havens. We believe that the success of business comes from each individual's creativity and team work.We at GLP Balrampur Nidhi Ltd , stimulate the mutual growth of our members through Trust and Responsibility and in this process GLP Balrampur Nidhi Ltd strives to contribute to the development of the society overall.
To understand the meaning of Nidhi Company in a best possible way, is to understand through its features. Nidhi Company is basically a finance company which can accept deposit from members and lend the same money to its members. Nidhi Company mainly earns through interest on loans and its main expenditure is to pay interest on deposits (FD, RD and savings).
Read MoreA recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.
Recurring Deposit : A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.
Fixed Deposit : A Fixed Deposit is one of the Term Deposits offered by the banks. This is the safest and most popular investment option. According to this, one has to invest a lump sum amount at one time in a bank. It isn’t necessary to open a separate account for a Fixed Deposit, but it can be linked to one’s existing Savings Account. The tenure of the FD and the interest that the bank will pay will be decided at the time of opening the FD Account.
Daily Deposit Scheme : Even the smallest savings count on a rainy day. Daily Deposit Scheme is a popular product which works on the same philosophy. With as low as 10 per day, you can save enough money through DD scheme along with earning an impressive interest as well. It is popularly known as Pigmy Deposit.