Savings and Term Deposits Schemes

• Compulsory Deposit Rs.100/- per month                             4.0% p.a.
• Optional / Savings Deposit                                                      3.0% p.a.
• Fixed Deposits :-
  • 01 month to below 3 month                                          05.25% p.a.
  • 03 month to below 6 month                                          05.75% p.a.
  • 06 month to below 1 year                                               06.25% p.a.
  • 1 year to below 3 years                                                   07.50% p.a.
  • 3 years to below 5 years                                                 07.75% p.a.
  • 5 year and above                                                              08.00% p.a.
• Recurring Deposits :-
  • 1 year to below 3 years                                                  07.50% p.a
  • 3 years to below 5 years                                                07.75% p.a
  • 5 year and above                                                             08.00% p.a
• Marriage Deposit Schemes                                                     10.00% p.a.
• Education Deposit Schemes                                                    09.00% p.a.

Note :

• The Society does not deduct TDS on the interest paid or credited to its members under Income Tax Act.
• Senior Citizen and Widow members will get 0.50% extra
• The Interest received by members from the society is taxable under Income Tax Act, if members total income exceeds the limit prescribed in the Income Tax Act.
• In case of prematurity payment of term deposit interest shall be calculated according to the period passed and paid after deducting 2% p.a.