Deposits
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Saving/Compulsory Deposit
ELIGIBILITY:
- The applicant must be a member of the Society
- This account will be automatically opened for all the members of the society.
- For Society membership related information click here.
NOMINATION FACILITY:
Nomination Facility Available.
MINIMUM DEPOSIT AMOUNT:
- Rs. 200/- at the time of joining and Rs. 200/- per month thereafter
SPECIAL FEATURES
No TDS is applicable on the interest earned on deposits.
Offers higher interest rates.
Saving Account Passbook will be provided.
Any time deposit and withdrawal.
Zero balance account.
Optional Deposit
ELIGIBILITY:
- The applicant must be a member of the Society
- This account will be automatically opened for all the members of the society.
- For Society membership related information click here.
NOMINATION FACILITY:
Nomination Facility Available.
MINIMUM DEPOSIT AMOUNT:
No limit.
This is an operating account where all the balances and money due, if any, to any members will be transferred.
SPECIAL FEATURES
No TDS is applicable on the interest earned on deposits.
Saving Account Passbook will be provided.
Any time deposit and withdrawal.
Zero balance account.
Fixed Deposit
*If FD/RD closed prematurely, i.e. before the completion of six months from the date of opening of FD/RD interest shall be paid on FD/RD only at the rate of 6 per cent per annum.
ELIGIBILITY:
- The applicant must be a member of the Society
- For Society membership related information click here.
NOMINATION FACILITY:
Nomination Facility Available.
MINIMUM DEPOSIT AMOUNT:
Rs. 5000/- and further in multiple of Rs. 1000/-
PREMATURE CLOSURE
On premature closure (i.e. before completion of six months from date of opening of FD/RD) interest at the rate of 6% per annum shall be paid.
SPECIAL FEATURES
- No TDS is applicable on the interest earned on deposits.
- Offers higher interest rates.
Recurring Deposit
*If FD/RD closed prematurely, i.e. before the completion of six months from the date of opening of FD/RD interest shall be paid on FD/RD only at the rate of 6 per cent per annum.
ELIGIBILITY:
- The applicant must be a member of the Society
- For Society membership related information click here.
NOMINATION FACILITY:
Nomination Facility Available.
LOAN FACILITY:
Maximum upto 90% of the Deposit Amount
Interest rate (reducing) @ 1% extra.
MINIMUM DEPOSIT AMOUNT:
Minimum monthly RD amount is Rs. 1,000/- (i.e. Rs.12,000 per year) and subsequent RD amount is shall be in multiple of Rs.1000/- for each month.
PREMATURE CLOSURE:
- On premature closure (i.e. before completion of six months from date of opening of FD/RD) interest at the rate of 6% per annum shall be paid.
SPECIAL FEATURE:
- No TDS is applicable on the interest earned on deposits.
- Offers higher interest rates.