A term deposit is a fixed term or Recurring Deposit deposit held at a Society. They are basically short-term deposits with maturities which range anywhere from a month to a few years. The deposits are locked-in for a specific time period during which the Society give loans to their members which can offer higher returns.These are an extremely secure investment and are therefore appealing to members who do not wish to take a lot of risks.

Deposits Schemes of the Society

(w.e.f. 01-01-2020)

 

FIXED DEPOSITS (FD):

     
  12 MONTHS TO BELOW 24 MONTHS @ 10% P.A.
  24 MONTHS TO BELOW 36 MONTHS @ 11% P.A.
  36 MONTHS AND ABOVE @ 12% P.A.
     

RECURRING DEPOSITS (RD):

  12 MONTHS TO 24 MONTHS @ 9% P.A.
25 MONTHS TO 48 MONTHS @ 10% P.A.
  49 MONTHS AND 71 MONTHS @ 11% P.A.
72 MONTHS AND AVOBE   @ 12% P.A.