Minimum amount of deposit : Rs.10,000/- and thereafter in multiples of Rs.1000/-only
Last day of the scheme 31st March 2023
This scheme of deposit is exclusively available for members only.
Effective Rate of interest is @ 9.20 %p.a.(Simple), quarterly interest payout.
Minimum amount of Deposit under this scheme shall be Rs.10,000/- thereafter in multiples of Rs.1000/-. There is no ceiling on maximum amount of deposit.
The senior citizens and bulk depositors (with single receipt of Rs.10.00 lakh and above) are eligible for additional interest @ 0.50% p.a. However depositor cannot claim both the benefit I.e. of senior citizen and bulk deposit at once, in such cases either of the benefit shall be considered and effective rate will be @9.70% p.a
Benefit of additional interest on non callable, women, staff, Govt. Servants, and Defence personnel is not applicable under this scheme.
Pre-matured withdrawal of deposit is permitted with deduction of penalty @ 2.5% p.a. on applicable rate for expired period of deposit.
Loan against such deposits are allowed upto 90% of deposit amount with interest @2% more than the deposit rate.