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FEATURES & BENEFITS

Compound Interest Calculation

Minimum Investment Rs. 1000/- or more

0.5% Extra interest for senior citizens above 60 years

Term - 1 to 3 Years

ROI 9.00% to 9.30% p.a.

SCHEME DETAILS

  • The depositor shall compulsorily be a member of our society.
  • Minimum amount of Deposit under this scheme is  Rs.1000/-. There is no ceiling on maximum deposit. 
  • The senior citizens and bulk depositors (with a single receipt of Rs.10 lakh and above) are eligible for additional interest @0.50% p.a. However either of the benefits can be claimed at one time.
  • Pre-matured withdrawal of deposit is permitted with deduction of penalty  @2.5% p.a. on applicable rate.
  • Loan against such deposits is allowed up to 90% of deposit amount with interest @2% more than the applicable rate.