Finance

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Finance

The first objective of Lokmanya Multipurpose Cooperative Society has always been simple - to become a reliable source of financial support, to people with varied needs. This is reflected in the wide variety of finance services made available by Lokmanya, till date. The services aim to financially empower people, in both, the near future and the long run.

 

Term Deposit Scheme

From short-term turnaround to long-term benefits, Lokmanya offers a wide range of slabs for investments in fixed deposits.

  • Simple Interest Calculation
  • Quarterly Interest Payable
  • 0.5% Extra Interest for Senior Citizens above 60 Years
  • Minimum Investment Rs. 1,000/- & more
Period Interest Rate(P.A)
30 Days to 45 Days 4.50%
46 Days to 180 Days 6.25%
181 Days to 364 Days 7.50%
1 Year to 2 Years 9.00%
2 Year to 3 Years 9.15%
3 Year to 5 Years 9.30%

Lokmanya Shubh Parva Scheme

We are pleased to launch a new term deposit scheme, named "Lokmanya Shubh-Parva Deposit Scheme" with returns @9.00% p.a. for the period of 27 month.

  • Easy investment, Great Returns
  • Rate of interest up to 9.00% p.a.
  • Minimum amount of deposit : Rs.10,000/- and thereafter in multiples of Rs.1000/-only.
  • Last date of Scheme: 31st Dec 2022
  • Lokmanya Shubh Deep Yojana

    We are pleased to launch a new term deposit scheme, named "Lokmanya Shubh-Deep Yojana" with returns @8.75% p.a. for the period of 15 months.

  • Easy investment, Great Returns
  • Rate of interest up to 8.75% p.a.
  • Minimum amount of deposit : Rs.10,000/- and thereafter in multiples of Rs.1000/-only.
  • Last date of Scheme: 31st Dec 2022
  • Lokmanya Dhanasampada Scheme

    On this festive season, we had introduced a new recurring/ cumulative deposit scheme "Dhanasampada Scheme".

  • Easy investment, Great Returns
  • This is a recurring/ cumulative deposit scheme and is open to all members.
  • Rate of interest up to 9.75% p.a.
  • Minimum monthly installments - Rs.2400/- and its multiples.
  • No. of monthly Installments - 18, 24 & 36 months resp
  • Reinvestment Deposit Scheme

    A secure but higher return offering by Lokmanya, the reinvestment deposit promises compound interest every quarter, for a faster growth of your savings.

    • Compound Interest Calculation
    • 0.5% Extra Interest for Senior Citizens above 60 Years
    • Minimum Investment Rs. 1,000/- & more
    Period Interest Rate(P.A)
    1 Year 9.00%
    2 Years 9.15%
    3 Years 9.30%

    Non callable deposit Scheme

  • Term Period 1 Year to 3 Years
  • Minimum Investment Rs. 1,000/- & more
  • Period Interest Rate(P.A)
    1 Year 9.25%
    2 Years 9.40%
    3 Years 9.55%

    Kalpavruksh Deposit Scheme (Monthly Income Scheme)

    A term deposit account that ensures assured monthly income – this deposit scheme helps you plan your financial independence on retirement.

    • Simple Interest Calculation
    • Monthly Interest Payable
    • 0.5% Extra Interest for Senior Citizens above 60 Years
    • Minimum Investment Rs. 10,000/- & more
    Period Interest Rate(P.A)
    1 Year 7.50%
    2 Years 8.00%
    3 Years 8.50%

    Saving deposit Scheme

    An investment that is safe and at the same time provides easy liquidity, while providing an opportunity to earn at attractive interest rates for small amounts as well.

    • Highly flexible periods with up to 8 withdrawals per month
    • Interest Rate 6.0% P.A
    • Simple Interest Calculation on Product of Daily Outstanding Balance
    • Half Yearly Interest Payable
    • Minimum Investment Rs. 300/- only
    • Applicable on running/ongoing accounts

    Recurring Deposit Scheme

    A simple yet profitable form of investment tool where the depositor agrees to credit a fixed amount once a month, for a specified period. Total deposit along with interest, payable at maturity.

    • Compound Interest Calculation
    • 0.5% Extra Interest for Senior Citizens above 60 Years
    • Minimum Investment Rs. 100/- & more
    Period Interest Rate(P.A)
    1 Year 7.50%
    2 Years 8.50%
    3 Years 9.25%

    Madhu Sanchay Deposit (Pigmy Deposit)

    The biggest oceans were formed one drop at a time. With this special, customer-friendly offering, save and invest small bits today for big returns in the future

    • Period 1 Year
    • Interest Rate 3% P.A
    • Simple Interest Calculation on Product of Monthly Outstanding Balance
    • Minimum Investment Rs. 50/- per Day & multiples of Rs. 10/-
    Double deposit Scheme

    A high returns investment for those who can stay invested for a longer duration, which promises higher growth for invested money.

  • Period 90 Months
  • Interest Rate 9.35% P.A
  • Compound Interest Calculation
  • Minimum Investment Rs. 1,000/- & more