You can now invest in Fixed Deposits for a set period of time; we accept fixed deposits for a minimum of 12 months and a maximum of 60 months. We are offering an annual return of 12% on your deposit. The longer the term of your fixed deposit, the higher the return. The member has three return options: monthly, quarterly, annually (a lump sum payment along with the principal amount at maturity). As a token of our appreciation, we are offering senior citizens a 12.5% annual rate to encourage them to save money.
- We will accept fixed deposits for a minimum period of 12 months and a maximum period of 60 months.
- Member can start an FD A/C With a Rs.10000 minimum deposit.
- The rate of interest is 12% p.a. Senior citizens are eligible for interest up to the maximum viz., 12.5% p.a.
- Member who has monthly interest receivable will get the same via NEFT.
- Processing fee for pre-mature withdrawal of FD is Rs.50/- and the rate of interest will be vary based on number of days accumulated.