Fixed Deposit

Account can be opened by an individual, HUF, with a minimum amount of Rs.1000/-. Requirement for opening Fixed Deposit account (if already having SB account KYC is not required)
2 Passport Size Photos, Completion of Know Your Customer formalities

ID Proof :Any one required

Passport, PAN Card, Election Card, Driving License, Aadhaar Card etc. where the photo has been affixed and self attested by the applicant.

Address Proof :Any one required

Ration Card, Electricity Bill, Telephone Bill, Credit Card statement, Salary Slip with address, Bank account statement with address, address authenticated by the employer etc. where address has been given.
Period of deposit from 15 days to 94 Month.
Loans / OD up to 80% of the Principal deposit.

Deposit Amount:

Minimum : Rs 1000/-, Maximum : No limit

• Payment of interest on monthly interval will be at discounted rate.
• Interest will be paid at the contracted rate irrespective of change in the rate thereafter.
• ROI are 9% for 1 year upto 94 months.
• Payment of interest at Monthly/Quarterly/Calendar quarter basis as per your requirement.
• Nomination facility available and recommended.
• TDS will be not deducted when interest paid or accrued or reinvested per customer, exceeds Rs. 10,000 in a financial year.

Premature Payment

In all other cases above one year, in case of premature withdrawal, the interest shall be 1% below the rate applicable for the period the deposit has remained with the Society or 1% below the contracted rate, whichever is lower. However, no interest will be paid if the deposit remains with the Society for less than 15 days period.