Deposits.

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..... the maximum period of recurring deposits shall correspond to the repayment period of such loans granted by Nidhi. (4) The maximum balance in a savings deposit account at any given time qualifying for interest shall not exceed one lakh rupees at any point of time and the rate of interest shall not exceed two per cent. above the rate of interest payable on savings bank account by nationalised banks. .....

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..... uch deposit was accepted by Nidhi, the rate of interest payable by Nidhi on such deposit shall be reduced by two per cent. from the rate which Nidhi would have ordinarily paid, had the deposit been accepted for the period for which such deposit had run: Provided that in the event of death of a depositor, the deposit may be repaid prematurely to the surviving depositor or depositors in the case of .....

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