By submitting this form, I agree that the representative of Lokmanya Multipurpose Co-op Society Ltd. can contact me to explain the features of the product & services.

FEATURES & BENEFITS

Easy Investment, Great Returns!

Term of Deposit: 27 months

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 day of the scheme 31st December 2022

SCHEME DETAILS

  • This scheme of deposit is exclusively available for members only.
  • The amount may be deposited in the name of minors; on production of birth certificate and only the natural guardian ( Mother / Father ) of minor is permitted to operate the account. Further natural guardians shall compulsorily be a member of our society.
  • Additional interest benefit of bulk deposit / senior citizen is APPLICABLE. However either of the benefit can be claimed.
  • Benefit of additional interest on non-callable deposit is not applicable under this scheme.
  • Loan can be granted up to 90% of face value / deposit amount (excluding interest). The rate of interest on loan against such deposits shall be @2% more than the applicable rate. Further, the interest on such loans shall be calculated and applied (capitalized) to loan accounts on quarterly compounded basis.
  • The deposit receipt against which loan is availed, if closed before maturity, then the rate of interest to be applied on such loan shall be 2% more than the actual applicable interest rate payable (for expired period) on such deposit, as mentioned at SI.No.7, below.

Deposit Amount Rs.10,000/-                   Maturity Value Rs.12,217/-