The safe returns
The Recurring Deposit account is an account where a members can
deposits a fixed amount of money for a tenure. This scheme is meant for members whose income
is fixed and decides to get a lump sum after the closer of tenure period. The small monthly savings in the
Recurring Deposit scheme enables the depositor to accumulat a substitutional amount on maturity.
This is an ideal plan to cultivate the habit of regular savings. Monthly regular saving builds a good corpus
to provide for your short Term as well as long Term financial requirements.
Rate Of Interest
Special Features/Facilities: members of the sahakari exempted from TDS
| RATE OF INTEREST ON Recurring Deposit (RD) |
Period |
Rate of Interest |
| 1 Year |
8% |
| 1 Year 2 Years |
8% |
| 2 Years to 3 Years |
8% |
0.50% extra for SENIOR CITIZENS (60 Years and above) for the deposits above One year
Note: pre maturity deposits will get 1% less then the existing rate of interest at the time
