Fixed Deposits

It is referring to the Investments of a lump-sum amount of money for a fixed period. It provides a secure way to grow one’s savings while earning a fixed rate of interest. Fixed deposits offer numerous advantages over other investment options, which makes them a popular choice among conservative investors.

• 03 to 12 months       11.00 % p.a.

• 13 to 36 months       12.00 % p.a.

• 37 m to 60 months       13.00 % p.a.

Monthly Income Scheme (MIS)-

This is a deposit scheme in which you can earn every month by investing once.

• 36 to 60 months       12.00 % p.a.

• 61 to 84 months       13.00 % p.a.

Recurring Deposit (R.D.)-

It is an investment tool which allows people to make regular deposits and earn decent returns on investment.

• 12 months       10.00 % p.a.

• 24 months       11.00 % p.a.

• 36 months       12.00 % p.a.

• 48 months       12.00 % p.a.

Dhan Varsha Yojna (MMDS)-

• 5 Years       Two Times

• 8 Years       Three Times

• 12 Years       Five Times

• 18 Years       Ten Times

• 23 Years       Twenty Times

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 prematurity payment of term deposit, interest shall be calculated and paid as per Optional Deposit A/c (Savings).
• Interest on Optional Deposit A/c is calculated on minimum balance in the account between 11th to last date of the month.