WHAT ARE OTHER BENEFITS TO DEPOSITORS OF KTMC NIDHI LIMITED?

One percent additional interest is payable to; investors more than 60 years of age, woman, handicapped, defence personnel, retired defence personnel, employees of central government and state government, employees of all banks and insurance field, employees of public undertakings, employees of government and semi government establishments, working employees of any cooperative society, employees of local bodies, retired person, trust and single deposit of Rs. 5 lac. The facility of payment before maturity and loan on pre-mature deposits is also available.

THE DIFFERENCE BETWEEN KTMC NIDHI LIMITED AND FINANCE COMPANIES

KTMC NIDHI LIMITED is a company incorporated under section 406 of the companies act and declared as a Nidhi or Mutual Benefit Society under section 620A of the Companies Act, 2013. central government under the rules and regulations. It is compulsory by law for Companies to adhere these rules and regulations. The society being a cooperative organization, the ownership of the same doesn’t rest with any individual but all the members have the ownership rights. The members of society elect governing body by democratic way and elected body governs the operations. The policy matters are decided by governing body in general with full transparency. The cooperative department also keeps vigilance on the operations of society. On the other hand, the ownership of finance companies rest with individual and the policies are formed accordingly. The general public and customers have no right to interfere in the operations of finance companies. Therefore, there are more chances of having no transparency. The customers do not have sufficient knowledge about the finance companies and they have limited law coverage. KTMC NIDHI LIMITED under the law is fully answerable to its members and customers. The society adhere all rules and regulations meant for.

HOW KTMC IS DIFFERENT FROM OTHER NIDHI COMPANY

• KTMC is the first Nidhi Company providing on- line banking services to its members and investors.
• KTMC is the first Company who has started small savings scheme like ‘GRAHANI NIDHI’ which is a very good step to promote saving habit among housewives.

WHO SHOULD INVEST IN KTMC?

 Any adult person can become the member of KTMC and can invest in different scheme of the company.