Savings & Deposit Services
Deposit and savings products are available only where permitted and to eligible members, subject to applicable statutory conditions and BOFL's approved product terms.
Savings Account
Member-oriented savings services with account records, statements and applicable transaction facilities.
- KYC-based onboarding
- Member account statement
- Applicable transfer/service requests
- Nomination facility where applicable
Fixed Deposit (FD)
Fixed-term deposit facility for eligible members subject to applicable rules and approved deposit terms.
- Multiple approved tenures
- Applicable interest rate slabs
- Nomination facility
- Premature closure subject to applicable rules
Recurring Deposit (RD)
Structured monthly savings for eligible members according to approved product conditions.
- Regular monthly contribution
- Approved tenure options
- Account statement
- Applicable maturity terms
Member Loan Products
BOFL loan facilities are intended for eligible members and are subject to applicable statutory limits, security requirements, credit assessment, documentation and approval.
Gold / Jewellery Loan
Loan against eligible gold, silver or jewellery security, subject to valuation, margin, documentation and applicable repayment conditions.
- Member KYC required
- Security valuation required
- Applicable loan-to-value limits
- Repayment period subject to applicable rules
Property-Backed Loan
Eligible credit against permitted immovable-property security, subject to title verification, valuation, mortgage/documentation and statutory limits.
- Property title verification
- Independent valuation where required
- Security documentation
- Repayment period subject to applicable rules
Deposit / Approved Security Loan
Loan against permitted fixed deposit receipts, eligible government securities, National Savings Certificates or eligible insurance policies, subject to applicable rules.
- Eligible member required
- Security verification
- Applicable margin and limits
- Credit approval required
Loan Product Overview
| Loan Type | Security | Key Requirements | Approval Basis | |
|---|---|---|---|---|
| Gold / Jewellery Loan | Gold, silver or eligible jewellery | KYC, valuation, security documentation | Security value + member eligibility | Apply |
| Property-Backed Loan | Eligible immovable property | Title, valuation, mortgage/security documents | Property value + member eligibility | Apply |
| Deposit / Security Loan | Eligible deposits / securities / policies | Security verification + KYC | Security value + applicable limits | Apply |
Important: A loan application is not a loan approval. Every application is subject to member eligibility, KYC, applicable security, credit assessment, statutory limits, documentation and approval by the authorised authority of the company.
Member & Loan Eligibility
Before accepting any deposit or processing any loan, applicable membership, KYC and statutory conditions must be satisfied.
EMI Calculator
Use this calculator only as an illustrative estimate. Actual repayment amount, rate, charges and tenure depend on the approved loan terms.
Digital Member Services
Member Dashboard
Access eligible account information, applications, statements and service requests through the authorised member portal.
Digital Applications
Submit membership, deposit or loan applications online, subject to verification and approval.
Support & Grievance
Members can use the available support channels for account-related queries, service requests and complaints.
Why Choose BOFL
Member Focus
Services are designed around the needs and responsibilities of eligible members.
Transparent Terms
Product conditions, applicable rates, charges and eligibility requirements should be reviewed before using a service.
Digital Convenience
Technology is used to simplify applications, records and member support without changing the legal nature of the services.
Important Legal & Regulatory Information
BOFL Nidhi Limited is not a bank and this website does not represent BOFL as an RBI-licensed banking company.
BOFL's services are subject to the Companies Act, applicable Nidhi Rules, KYC requirements, statutory requirements and the company's approved policies and product terms, as applicable.
Deposit and loan services are not available to the general public merely by submitting an online form. Applicable membership, eligibility, KYC, documentation and approval requirements must be satisfied.
Displayed loan products do not constitute a guarantee of loan approval. Loan amount, interest rate, tenure, security requirements, charges and repayment conditions are determined according to applicable law and approved terms.
The EMI calculator provides an illustrative mathematical estimate only and does not constitute an offer or sanction of credit.
Product availability and terms may change from time to time in accordance with applicable law and approved company policies.