Give your portfolio stability of returns and safety and liquidity. Invest in (FIXED DEPOSIT). We offer attractive returns on fixed deposits and investing in them is really simple and convenient. In a (FIXED DEPOSIT) Scheme a certain sum of money is deposited in the Society for a specified time period with a fixed rate of interest. When you want to invest your hard earned money for a longer period of time and get a regular income, (FIXED DEPOSIT) Scheme is ideal. It is SAFE, LIQUID and FETCHES HIGH RETURNS.
- Plan named as Fixed Deposit scheme.
- Minimum tenure 12 & Maximum 240 Months.
- Frequency of Deposit – One time fixed amount for fixed tenure.
- Minimum amount in FD is with the deposit of Rs. 10000 or in multiple of Rs. 10000.
- No TDS interest deduction on interest earned.
- FD Certificate will be provided to the member.
- To avail FD facility with society one has to become member of a society.
Salient Features
• Who can open Fixed Deposit account:
- A single Member adult or two Member adults jointly.
- A guardian on behalf of a minor or a person of unsound mind.
• Where can be opened:
- Walk-in to Branch office or with the help of Field Associates.
• Tenure of Fixed Deposit Account:
- 12 Months / 24 months / 36 Months / 48 Months.
• Deposit Limit:
- Minimum amount in FD is of Rs. 10000.
- Maximum: No Limit
• Renewal Facility:
- Renewal facility provides the continuation of Fixed Deposit, after maturity in that you have an option to increase the tenure and can avail prevailing interest of that time. Wherein you get the higher rate of interest benefits.
• Special Interest Rate for Special Category:
- You can avail 1.00% extra rate of interest as a special category benefits the category include the followings:
Members age above 50 Years, Ladies, Military officer, Retired Military officer, Government employees, Bank & Insurance Employees, Semi government employees, Employee of cooperative society, Trust and Single deposit above 5 Lacs. - After maturity, if investor opts to renew the FD amount for 6 to 9 month, than will offer them 0.10% extra interest benefit & if they renew it for 1 year or more than 1 year, than Investor can earn 0.25% extra interest on their FD.
• Nomination Facility:
- You can avail this facility for each & every account that you open with us i.e. nominate different persons for different fixed deposits accounts. You can choose to change the nominee through a declaration in the appropriate form to revise the nomination during the term of the deposit.
• Income Tax Relief under Recurring Deposit Scheme:
- No TDS deduction on Interest earned.