https://www.taxtmi.com/acts?id=18274 Rule 13 prescribes tenure and interest limits for Nidhi deposits: fixed deposits (six to sixty months) and recurring deposits (twelve to sixty months, matching mortgage loan terms where applicable). Interest on savings-qualifying balances is capped relative to savings bank rates, and interest on fixed and recurring deposits may not exceed the Reserve Bank of India's maximum for comparable public deposits. Premature repayment is restricted: no repayment within three months, no interest for the first six months if repaid after three months at depositor request, and early withdrawal reduces the payable rate by two percentage points; a death proviso preserves ordinary interest for nominees or heirs. en-us Mon, 31 Mar 2014 18:51:36 +0530 Wed, 18 Mar 2026 17:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18274 Rule 13 prescribes tenure and interest limits for Nidhi deposits: fixed deposits (six to sixty months) and recurring deposits (twelve to sixty months, matching mortgage loan terms where applicable). Interest on savings-qualifying balances is capped relative to savings bank rates, and interest on fixed and recurring deposits may not exceed the Reserve Bank of India's maximum for comparable public deposits. Premature repayment is restricted: no repayment within three months, no interest for the first six months if repaid after three months at depositor request, and early withdrawal reduces the payable rate by two percentage points; a death proviso preserves ordinary interest for nominees or heirs. Act-Rules Companies Law Mon, 31 Mar 2014 18:51:36 +0530 https://www.taxtmi.com/acts?id=18274