Scheme Detail

• This is a term deposit scheme for the tenure of 30 days to 5 years & offers an attractive rate of interest up to 10.60% p.a. with quarterly interest payouts.
• Depositor shall compulsorily be a member of our society.
• Minimum amount of Deposit under this scheme shall be 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.