Shrinidhi Fixed Deposit Scheme

'Shri Nidhi' Fixed Deposit Scheme

Highlights

This is a Fixed Deposit scheme offered by Sardar Sarovar Narmada Nigam Limited, a wholly owned Government of Gujarat Undertaking.
Post-dated interest warrants for each financial year.

Application forms accepted at Nigam's head office.
Issue of FDR will be subject to approval of respective department.

Schemes

Scheme A Non-Cumulative		Scheme B Cumulative		Scheme C Monthly Income
Period	Rate of Int	Rate of Int	Min Amt	Maturity Value	Rate of Int
1 year	11.00%	-	-	-	10.75%
2 years	11.50%	-	-	-	11.25%
3 years	12.00%	12.00%	5000	7093	11.75%
1. Interest will be calculated half-yearly. 2. Minimum amount of Rs 5,000 and in multiple of Rs 1,000 there after.		1. Interest will be compounded half-yearly. 2. Minimum amount of Rs 5,000 and in multiples of Rs 1,000 thereafter.		1. Post-dated interest warrants will be issued for each financial year in advance. 2. Minimum amount of Rs 15,000 and in multiples of Rs 5,000 thereafter.

About the Company

Incorporated in 1988.
The company is engaged in execution of the Sardar Sarovar (Narmada) Project comprising a dam across the river Narmada, a canal system emanating from the reservoir called the Sardar Sarovar impounded by the construction of the said dam for providing irrigation water in Gujarat. Power House at foot of the said dam and at the canal head and all other works incidental or ancillary to the said project in accordance with the directions of the Government of Gujarat.