Deposit Rates
| Deposit |
Interest Rate |
| Compulsury Deposit |
7% (Per Annum) |
| Optional Deposit |
7% (Per Annum) |
Fixed Deposit
| Deposit |
Period |
Interest Rate |
| FD |
01 to 03 Months |
04% (Per Annum) |
| FD |
03 to 06 Months |
5% (Per Annum) |
| FD |
06 to 12 Months |
6% (Per Annum) |
| FD |
12 to 24 Months |
8% (Per Annum) |
| FD |
24 to 36 Months |
9% (Per Annum) |
| FD |
36 Months and above |
10% (Per Annum) |
Note :Interest will be calculated using Simple Interest and is payable under 2 options i.e. Quarterly
or On maturity, as informed to Society by Member at the time of making the deposit.
Recurring Deposit
| Deposit |
Period |
Interest Rate |
| RD |
1 year |
09% (Per Annum) |
| RD |
2 Years |
10% (Per Annum) |
| RD |
3 Years |
11% (Per Annum) |
Money Multiplier Deposit Scheme
| Deposit |
Period |
Interest Rate |
| M.M.D.S. |
84 Months |
Money Double |
Monthly Income Scheme
| Deposit |
Period |
Interest Rate |
| M.I.S. |
36 Months |
9.6% (Per Annum) |
Society accept the deposits under the head MIS for the period of 36 months with the commitment to pay the interest @ 9.6% per annum on Simple Interest payable on Monthly Basis. At this time, Society understand the need of the members for regular income, hence, MC proposes to lower down the interest rate to 9% per annum.
In this scheme, deposit will not be refund before maturity, nor be provided loan against this deposit.
