Deposit Schemes
Compulsory Deposit Scheme
Every member has to make a Compulsory Deposit of Rs.200/- every month. An interest of 9% is paid against this deposit. It is compulsory for all Members to make this deposit.
Recurring Deposit Scheme
Recurring Deposits are a special kind of deposits offered by us. It allows customers with an opportunity to build up their savings through regular monthly deposit of fixed sum over a fixed period of time. This is an optional deposit for members. Deposit will be accepted on monthly basis of Rs.100/- or its multiples. Interest rate up to 12% per annum.
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Fixed Deposit Scheme
A fixed deposit is a deposit which provide investors with a higher rate of interest than a normal one until the given maturity date. It is not required for creating a separate account. We offers for the period from 12 months minimum up to 18 years for such types of deposit.
Optional Deposit Scheme
As the name suggest, this type of deposit is optional. This deposit scheme provides the facilities to members to deposit and withdraw any time. The member whose criteria for deposit and withdrawal does not suit them in recurring or fixed deposit.
| Scheme |
Period |
Interest Rate |
| Compulsory Deposit |
12 Months |
9% |
| Optional Deposit |
12 Months |
6% |
| Recurring Deposit |
12 Months |
10% |
|
24 Months |
11% |
|
36 Months & Above |
12% |
| Fixed Deposit |
12 Months |
10% |
|
24 Months |
11% |
|
36 Months & Above |
12% |