SSNNL Fixed Deposit

My father is searching for information about Shrinidhi Fixed Deposits of Sardar Sarovar Narmada Nigam Ltd. (SSNNL). So can you provide benefits of Shrinidhi Fixed Deposits of Sardar Sarovar Narmada Nigam Ltd. (SSNNL)?

[shikha]

Here I am telling you about Shrinidhi Fixed Deposits of Sardar Sarovar Narmada Nigam Ltd. (SSNNL):

APPLICATION FOR DEPOSITS:
Applications for deposits will be accepted in the prescribed form duly completed accompanied by Account Payee Cheques or Bank Drafts payable at the place of collecting bank branch in favour of "Sardar Sarovar Narmada Nigam Ltd. Fixed Deposit Account."

AMOUNT, PERIOD & INTEREST OF DEPOSITS:
Fixed Deposits will be accepted in Scheme A for Non-Cumulative Deposits, Scheme B for Cumulative Deposits and Scheme C for Monthly Income Scheme as per Rate of Interest Section of "Shree Nidhi Fixed Deposit Scheme".

Interest on deposits will commence from the date of realisation of the cheque/draft by the company's bankers.

Interest on deposits will cease to run from the date of maturity.

DEDUCTION OF INCOME – TAX:
Tax at the applicable rates as per the provisions of the Income-Tax Act. 1961 will be deducted at source from the amount of interest paid and/or credited to the depositor.

Tax is not deductable if the aggregate amount of interest paid or payable during the financial year does not exceed Rs. 5,000.

Helpline:
SARDAR SAROVAR NARMADA NIGAM LTD.
Block No. 12, New Sachivalaya,
Gandhinagar - 382 010.
Gujarat, India.
Fax:- +91 79 23223056
FOR DEPOSIT & BOND
Phone:- +91 79 23252337