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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.