Savings and Term Deposits Schemes

• Compulsory Deposit (CD) 06 % p.a.

• Optional Deposit(OD) 05% p.a.

Recurring Deposits

• 12 Months to Below 24 Months 11 % p.a.

• 24 Months and Above 12 % p.a.

Money Multiplier Deposit Scheme (MMDS)

Fixed Deposits

MMDS are the cumulative interest long term deposits where the principal is doubled/triple/five times or ten times over the tenure of the deposit. In these deposits the member don’t get the interest payment periodically rather it is paid on maturity along with the principal

• Double In 5.6 Years or (66 Months)

• Triple In 9 Years or (108 Months)

• Five Times In 13 Years or (156 Months)

• Ten Times In 18Years or (216 Months)

Lakhpati Yojna

Monthly Income Scheme (MIS)

Typically MIS is designed for conservative risk-averse investors and pensioners, the Monthly Income Scheme is an investment option that parks money mainly in lower-risk securities. It acts as a steady source of income for those members who want to create an alternate source of monthly income. The income generated through Monthly Income Scheme is in the form of interest

• 24 Months 11% P.A.

• 36 Months 12% P.A.

• 48 Months 12% P.A.

• 60 Months 13% P.A.

Daily Small Saving Scheme

Money can be deposited into an account on daily basis. The amount may be as small as you can provide. The money is deposited almost daily. The unique characteristic of this scheme is that a bank agent collects the money daily, from the account holder's doorstep. This scheme was introduced to help daily wage earners, small traders and farmers to inculcate a saving habits and also as a means to fund their bigger capital requirements, such as a wedding, home buying, vehicle purchase etc.

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.