Terms & Conditions
Important Information for Our Members
Shenoy Nagar Saswatha Nidhi Limited follows defined terms and conditions to ensure smooth, transparent and systematic management of its deposit and loan facilities. Members are requested to understand and comply with the following guidelines.
01 — Monthly Interest Payment on Jewel Loans
Members who have availed themselves of Jewel Loan facilities are required to pay the applicable interest every month, on or before the end of the respective month. Timely payment of interest helps maintain the loan account in good standing and avoids applicable default charges.
02 — Intimation of Change of Address
Members must promptly inform the Registered Office whenever there is any change in their residential or correspondence address.
Providing updated contact details enables the Company to maintain accurate records and facilitate effective communication with members.
03 — Revision of Interest Rates
The applicable interest rates for deposits and loans are determined and revised by the Board of Directors from time to time, subject to applicable rules, regulations and prevailing conditions.
Members are advised to refer to the latest applicable rates before making a deposit or availing a loan facility.
04 — Office Working Hours
Members may visit the office during the following working hours:
| Time | Schedule |
|---|---|
| 9:00 AM – 1:00 PM | Office Hours |
| 1:00 PM – 2:00 PM | Lunch Break |
| 2:00 PM – 4:30 PM | Office Hours |
Members are requested to plan their visits and transactions accordingly.
05 — Half-Month Interest Calculation on Loans
For loans availed on or after the 16th day of a month, interest shall be charged for half a month, as per the applicable terms.
Similarly, where a loan is fully repaid on or before the 15th day of the month, interest shall be charged for half a month.
This provision is subject to the applicable loan terms and conditions prescribed by the Company from time to time.
Member Cooperation Matters
Adhering to these guidelines helps ensure efficient administration, accurate account maintenance and smooth service for all members.
Members are encouraged to contact the office for clarification regarding any deposit, loan, interest calculation or other applicable terms before proceeding with a transaction.
Clear Terms. Responsible Transactions. Better Member Service.
Terms & Conditions
Important Information for Our Members
Shenoy Nagar Saswatha Nidhi Limited follows defined terms and conditions to ensure smooth, transparent and systematic management of its deposit and loan facilities. Members are requested to understand and comply with the following guidelines.
01 — Monthly Interest Payment on Jewel Loans
Members who have availed themselves of Jewel Loan facilities are required to pay the applicable interest every month, on or before the end of the respective month. Timely payment of interest helps maintain the loan account in good standing and avoids applicable default charges.
02 — Intimation of Change of Address
Members must promptly inform the Registered Office whenever there is any change in their residential or correspondence address.
Providing updated contact details enables the Company to maintain accurate records and facilitate effective communication with members.
03 — Revision of Interest Rates
The applicable interest rates for deposits and loans are determined and revised by the Board of Directors from time to time, subject to applicable rules, regulations and prevailing conditions.
Members are advised to refer to the latest applicable rates before making a deposit or availing a loan facility.
04 — Office Working Hours
Members may visit the office during the following working hours:
| Time | Schedule |
|---|---|
| 9:00 AM – 1:00 PM | Office Hours |
| 1:00 PM – 2:00 PM | Lunch Break |
| 2:00 PM – 4:30 PM | Office Hours |
Members are requested to plan their visits and transactions accordingly.
05 — Half-Month Interest Calculation on Loans
For loans availed on or after the 16th day of a month, interest shall be charged for half a month, as per the applicable terms.
Similarly, where a loan is fully repaid on or before the 15th day of the month, interest shall be charged for half a month.
This provision is subject to the applicable loan terms and conditions prescribed by the Company from time to time.
Member Cooperation Matters
Adhering to these guidelines helps ensure efficient administration, accurate account maintenance and smooth service for all members.
Members are encouraged to contact the office for clarification regarding any deposit, loan, interest calculation or other applicable terms before proceeding with a transaction.
Clear Terms. Responsible Transactions. Better Member Service.