Eligibility Criteria

  • Should be at least 21 years at the time of submission of the loan application
  • Must have been employed by the current organization or should be involved in the current business for a specific number of years
  • You must be residing in Tamilnadu(South).

How is the Recurring Deposit Interest Calculated?

  • (Maturity value of RD - based on quarterly compounding)
  • M = R [(1+i) n – 1] / 1- (1+i) -1/3
  • M = Maturity value of the RD
  • R = Monthly RD installment to be paid
  • n = Number of quarters (tenure)
  • i = Recurring deposit interest rate

Features of FSMS Nidhi

Apply for Gold
Loan

Opening for Saving Account

Gold Loan EMI Calculator

Home Improvement
loan

Fixed deposited