Terms and Conditions

1. Acceptance of Terms

By accessing and using the services of Jakanoor India Nidhi Limited ("Company"), you agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.

2. Company Information

3. Services Offered

We provide the following financial services to our members:

• Fixed Deposits and Recurring Deposits
• Savings Accounts
• Deposit Loans (against fixed deposits)
• Gold Loans (against gold jewelry)
• Mortgage Loans (against immovable property)

4. Membership Requirements

4.1 Eligibility

• Must be a resident of India
• Must be at least 18 years of age
• Must provide valid identification documents
• Must comply with KYC (Know Your Customer) requirements

4.2 Membership Process

• Submit membership application form
• Provide required documents
• Pay membership fee as applicable
• Wait for approval from the Board of Directors

5. Interest Rates and Charges

Interest rates and charges are subject to change as per the Company's policies and regulatory requirements. Current rates are available on our website and at our office.

6. Loan Terms

6.1 General Conditions

• Loans are available only to members
• Subject to credit assessment and approval
• Must provide adequate security/collateral
• Interest rates as per Company policy

6.2 Repayment

• Repayment terms as agreed at the time of sanction
• Late payment charges may apply
• Default may result in legal action

7. Deposit Terms

• Minimum deposit amounts as per Company policy
• Interest rates subject to change
• Premature withdrawal terms apply
• Deposits are not insured by DICGC

8. Regulatory Compliance

Our operations are governed by the Companies Act, 2013, and the Nidhi Rules, 2014. We comply with all applicable regulations and guidelines issued by the Ministry of Corporate Affairs and other regulatory authorities.

9. Limitation of Liability

The Company shall not be liable for any indirect, incidental, special, or consequential damages arising from the use of our services, except as required by applicable law.

10. Dispute Resolution

Any disputes arising from these terms or our services shall be subject to the jurisdiction of the courts in Belagavi, Karnataka, India.

11. Contact Information