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.

• 06 to 12 months       15.00 % p.a.

• 12 to 24 months       16.00 % p.a.

• 24 m to above 36 months       17.00 % p.a.

Monthly Income Scheme (MIS)-

This is a deposit scheme in which you can earn every month by investing once. For a period of 36months or more 18% p.a.

• Deposits       MIS interest per months

• 100000/-       1500 /-

• 200000/-       3000 /-

• 500000/-       7500 /-

• 1000000/-       15000/-

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.