Enquire More

Terms & Conditions*

Features & Benefits

Scheme of deposit is exclusively meant for member only

Minimum amount of deposit is Rs. 600/-

Maximum amount of deposit is Rs. 6,000/-

Number of Monthly Installments 63 Months

Eligibility

  • This is a recurring/cumulative deposit scheme open to all members.

  • Depositors must be members of our society.

Deposit Terms

  • Number of Monthly Installments: 63 months

  • Minimum Monthly Deposit: ₹600/-

  • Maximum Monthly Deposit: ₹6,000/-

  • Monthly deposits must be in multiples of ₹600 only. Fractional amounts are not allowed.

Maturity & Payment Conditions

  • The declared maturity value will be provided only after completion of the 63-month term, provided all installments are paid regularly and on time.

  • No penalties will be charged for non-payment or delayed payment of monthly installments; however, the maturity value may vary in such cases.

Premature Closure

  • Premature closure of the deposit is permitted, with the following penalties:

    • If the deposit is closed before 3 years: Penalty of 2.5% on the applicable interest rate.

    • If the deposit is closed after 3 years: Penalty of 2.5% on the contractual interest rate.

Loan Facility

  • Loans can be availed up to 90% of the face value or accumulated value of the deposit (excluding interest).

  • Interest on such loans will be charged at a rate 2% higher than the applicable deposit interest rate.

Sr.No Monthly Installment Total Deposit Interest Maturity Amount
1 ₹ 600/- ₹ 37,800/- ₹ 12,200/- ₹ 50,000/-
2 ₹ 1,200/- ₹ 75,600/- ₹ 24,400/- ₹ 1,00,000/-
3 ₹ 1,800/- ₹ 1,13,400/- ₹ 36,600/- ₹ 1,50,000/-
4 ₹ 2,400/- ₹ 1,51,200/- ₹ 48,800/- ₹ 2,00,000/-
5 ₹ 3,000/- ₹ 1,89,000/- ₹ 61,000/- ₹ 2,50,000/-
6 ₹ 3,600/- ₹ 2,26,800/- ₹ 73,200/- ₹ 3,00,000/-
7 ₹ 4,200/- ₹ 2,64,600/- ₹ 85,400/- ₹ 3,50,000/-
8 ₹ 4,800/- ₹ 3,02,400/- ₹ 97,600/- ₹ 4,00,000/-
9 ₹ 5,400/- ₹ 3,40,200/- ₹ 1,09,800/- ₹ 4,50,000/-
10 ₹ 6,000/- ₹ 3,78,000/- ₹ 1,22,800/- ₹ 5,00,000/-