DEPOSIT SCHEMES
FIXED DEPOSIT
PERIOD
365 DAYS / ONE YEAR
181 DAYS / 6 MONTHS
RATE OF INTEREST
7%
6.5%
AMOUNT
NO LIMIT
MONTHLY INCOME SCHEME (MIS)
PERIOD
3 YEAR/ 36 MONTHS
RATE OF INTEREST
6.5%
AMOUNT
500000/-
RECURRING DEPOSIT
PERIOD
1 YEAR
RATE OF INTEREST
6%
AMOUNT
5000/-
LOAN FACILITIES
* Loans are available to the members, only after completion of 1 year membership and up to maximum limit as indicated below
Emergency Loan
- CRITERIA - 90% of shares plus subscription
- MAX. LOAN - 75,000
- INTEREST RATE - 11% P.A.
- MAX. INST. - 25
- EMI - 3371/-
- RENEWAL - After 50% Installment
Special Loan
- CRITERIA - 12 times of shares plus subscription OR 40 times of Basic whichever Less
- MAX. LOAN - 8,00,000/-
- INTEREST RATE - 9.5% P.A.
- MAX. INST. - 100
- EMI - 11,611/-
- RENEWAL - After 25% of Installment and Once in a Financial Year
Silver Jubilee Loan
- CRITERIA - 20 times of shares plus subscription OR 65 times of Basic whichever Less
- MAX. LOAN - 12,00,000/-
- INTEREST RATE - 9.5% P.A.
- MAX. INST. - 120
- EMI - 15,528/-
- RENEWAL - After 25% Installment
Consumer Loan
- CRITERIA - 10 times of shares plus subscription OR 5 times of Basic whichever Less
- MAX. LOAN - 1,00,000/-
- INTEREST RATE - 9.5% P.A.
- MAX. INST. - 50
- EMI - 2,430/-
- RENEWAL - N.A.
