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Features & Benefits
Interest Rate 10.25% (Simple)
Minimum Investment Rs. 10,000/-
Term of Deposit 18 Months
Free Personal Accidental Death Insurance
Scheme Detail
- This is a term deposit scheme for the tenure of 18 Months offers an appealing rate of interest at 10.25 (Simple), with quarterly interest payouts.
- The minimum deposit under this scheme is Rs.10,000/-, with no maximum limit.
- Benefit of Additional Interest 0.5% is applicable for Senior Citizens and Bulk Depositors (with single receipt of Rs.10 Lakhs and above) and effective rate will be 10.75% p.a.
- Premature withdrawal of deposits is permitted with a penalty of 2.5% p.a. on the applicable rate for the expired period of the deposit
- Depositors can avail themselves of loans against their deposits, up to 90% of the deposit amount, with an interest rate 2% higher than the deposit rate.
- Free Personal Accidental Death Policy: Complimentary policy of ICICI Lombard, from Lokmanya Society covering Rs. l,00,000. Age of entry: 18 – 65 years. Policy tenure: 1 year. Aadhaar and PAN card are compulsory. This has been proposed for a single life on a mandatory attachment basis to the FD customers of Lokmanya Multipurpose Co-Op Society.