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Opening Time: Mon-Sat | 9 am - 7 pm


Cash Deposit

  • Cash deposit can be taken by cash mode as well as through bank transfers, where PAN is compulsory registered in the account.
  • At any branch: Any amount free of charge.
  • Fake note, Suspicious Note is impounded and receipt is given to the customer. Torne/Mutilated/Taped notes are not accepted by these machines.
Cash Withdrawal:
  • At Base/Inter branches– No Charge.
  • Maximum Rs 20,000/- per day withdrawal allowed to A/c holder only at branches.
  • Third party cash payment at outstation branches is totally restricted.
Interest calculation and frequency
  • Interests posting will be done twice in a year, i.e. March 31st & September 30th
  • As per Nidhi regulations, our SD accounts will post interest rate @5% for general citizens, and 5.5% for senior citizens ROI.for up to One Lakh rupees only. Any amount excess to one lakh will not be eligible to get savings deposit interest rates.
Withdrawal(s) & use of Withdrawal Form (Slip)
  • Withdrawals will be allowed by withdrawal forms. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs. 20,000/-
Passbook and statement of account
  • Free Pass Book
  • 50/– per duplicate Pass Book / Statement with latest balance only.
Registration and execution of standing instructions
  • A) No charge within the same branch.
Closure of account and charges
  • All the authorized signatories of the account will give in writing his/her/their intention to close the account. The relative passbook should be surrendered along with the letter requesting closure.
Dormant/ Inoperative Account
  • Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of six months Interest is continued to be applied in all such Savings Bank accounts. No charges are levied for in-operation of accounts.
  • Activation/Closure of Dormant/Inoperative accounts after 2 years will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to terms and conditions.
  • All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits. Upon receipt of the request from the customer such deposits will be returned subject to conditions.
Disclosure of information
  • The Nidhi may disclose information about member’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).
SMS Alerts and Charges
  • Free
  • All relevant policies including code of commitments to members and grievance redressal policy are available at the branches.
Rules for Transfer /clearing transactions and charges
  • Transfer Transaction at base branch: Allowed freely without any limit
  • Transfer Transaction at local branch (local as well as inter branch)
    Normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at inter branch account transfer.
  • Clearing Transactions: There is no restriction for clearing transactions.
  • Minimum Quarterly average balance requirement: 100/-
  • Nomination: facility available.

*All charges and rate of interests are subject to changes from time to time.

ARMSS Recurring Deposit Scheme which gives annualised return of 8.50% for general public and 9% for senior citizens.

Key features:
  • Min 1 year; Max 5 years
  • For 1 to 3 years, 8.50% interest for the general public and 9.00% for senior citizens
  • For 3 to 5 years, 8.25% interest for the general public and 8.75% for senior citizens
  • Loan Against Deposit (LAD) is available. 2% additional interest will be charged from agreed ROI.
  • Mobile Collection
  • Pay at any branches, but closure will be done only at the account opened branch.
  • Online monthly fund transfer from any banks to Shri ARMSS’s Current Account will also be feasible.
  • Any foreclosure within 6 months will not be eligible for interest claims as per Nidhi Regulations
  • Any foreclosure after 6 months, 2% interest rate deduction will be applicable from the assured interest rate as per Nidhi Regulations
  • For intermittent payment of any schemes will lead to Penalty as prescribed by management.
  • SMS alert for payment and maturity.
  • Min Monthly Contribution Amount for RD is Rs.100/-
ARMSS Fixed Deposit /Cumulative Deposit

Our term deposit products offer certainly competitive interest rates to our members. Members have two options to choose from our Deposit Scheme.  Based on Fixed Deposit, members’ monthly interest will be credited directly into their Savings Deposit Account, however by choosing the Cumulative Deposit Products, members will relish the interest amount at the time of maturity with effective interest rate. Our interest rates for both schemes have been illustrated below.

(FD/CD) Deposit SchemeGeneralSR.Citizen
12 Months11.50%12.00%
181 – 364 DAYS9.50%9.50%
1 YEAR – UPTO 3 YEARS11.50%11.75%
> 3 YEARS – UPTO 5 YEARS11.25%11.50%
Key Features:
  • Respective interest rates according to the given period in the above table for both FD & CD Schemes are same
  • 3 months – No Foreclosure will be allowed as per Nidhi Regulations
  • Upto 180 Days – No Interests will be paid as per Nidhi Regulations
  • Min Period – 181 Days
  • Max Period – 5 Years
  • Loan Against Deposit (LAD) is available. 2% additional interest will be charged from agreed ROI
  • Monthly interest will be credited directly to the SD account, further can be transferred to Member’s other bank accounts based on standing instruction
  • PAN is mandatory. TDS deduction is applicable as per the instructions given by GOI
  • Foreclosure charges – Deduction of 2% from the agreed interest %
  • If the foreclosure is done before ONE Year, but after 181 days then, 5% ROI is applicable

ARMSS has been so competitive and offers great benefits to members by giving the right choices of products and inspired its members through the technologically embedded services. Members’ trust in ARMSS has been strongly proven with “No Default” or “No Delayed Payments” to members for their deposits on maturity.

(FD/CD) Deposit SchemeGeneralSR.Citizen
12 Months11.50%12.00%
181 – 364 DAYS9.50%9.50%
1 YEAR – UPTO 3 YEARS11.50%11.75%
> 3 YEARS – UPTO 5 YEARS11.25%11.50%

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