Deposit Schemes

• Savings and Term Deposits Schemes


• Compulsory Deposit (CD)                                             06 % p.a.


• Optional/Savings Deposit(OD)                                     04% p.a.


• Fixed Deposits(FDR)-
• 01 to below 03 months                                            04% p.a.
• 03 to below 06 months                                            05% p.a.
• 06 to below 12 months                                            06% p.a.
• 12 to below 24 months                                            08% p.a.
• 24 to below 36 months                                            09% p.a.
• 36 months and above                                              10% p.a.


• Money Multiplier Deposit Scheme (MMDS)-
• Double in                                                               84 months


• Recurring Deposits(RDS)-
• 12 months                                                             07% p.a.
• 24 months                                                             08% p.a.
• 36 months                                                             09% p.a.


• Monthly Income Scheme (MIS)-
• 36 months                                                             09% p.a.
Note:-
• The society does not make TDS on the interest paid or credited to its members as it is exempted under Income Tax Act.
• 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 premature premature payment of term deposit before 30 days, no interest will be paid by society.
• In case of premature MMDS, interest will be calculated as per FDR interest slab