Deposit Schemes

  • Savings and Term Deposits Schemes

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

    • Optional/Savings Deposit(OD)                                 06% p.a.

    • Fixed Deposits(FDR)-
      • 12 months                                                                    09% p.a.
      • 24 months                                                                    10% p.a.
      • 36 months                                                                    11% p.a.

      Note : All Fixed Deposit are accepted only on discrition  of Managing Committee.


    • Recurring Deposits(RDS)-
      • 12 months                                                                    09% p.a.
      • 24 months                                                                   10% p.a.
      • 36 months                                                                   11% 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 payment of term deposit before 30 days, no interest will be paid by society.