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Features & Benefits
Simple Interest Calculation
Quarterly Interest Payable
ROI up to 10.60% p.a.
Minimum Investment Rs. 1000/- or more
0.5% Extra interest for senior citizens
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.