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.