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Services


Micro Branch

Micro Branch are those places were members are serviced at door steps. all financial and other services are provided by the Member Service Officers at the door step of the members. Collections and withdrawal are taken place at the members locations

Safe Locker

Safe Deposit Locker facility (in selected branches) is one of the ancillary services offered by the Society to its members. The Society is not required to know what is kept inside a Locker but is charged with the responsibility to exercise reasonable precautions against the loss of the contents of a Locker.

Rates of the locker

 

Locker Size

Rent

Fixed Deposit

Small

1000

10000

Medium

2000

20000

Large

5000

50000

 Service Tax will be extra on the yearly rent

 

 

Savings Account

This is an orthodox type of deposit where the customer can deposit and withdraw any amount on requirement and have a limit on the number of transactions allowed in Savings Society account and these accounts are not meant for business or trading activities etc. Interest rate is 5% annualized. 

Fixed Deposits

These are deposits of specified sum of money permitted to be made in multiples of Rs. 100/- for a specified period. These deposits are repayable to the Member on expiry of the period for which the deposit is made.

 

The interest is paid at quarterly compound rests for credit of the Members’s Savings / Current account as per standing instructions or allowed to be withdrawn in cash by the Member.

 

MATURITY PERIOD     

Interest  Rate

35-45 Days

7.00

46-90 Days

8.00

91-180 Days

8.50

181 Days & less than one year

9.00

1 Year to 2 Years

9.50

2 Years to 5 years

10.50

6 years (double scheme)

11.75

 

Special Interest Rate

 

0.5% of the declared interest rate for Senior Citizen & Differently able persons

Recurring Deposit

Recurring Deposit (RD) scheme, investors invest a specific amount in this scheme on weekly/fortnightly/monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which investor will get principle sum as well as the interest earned during that period. Recurring Deposit will provide you the element of compulsion to save at attractive rate of interest applicable from time to time. The minimum amount of RD is Rs. 100/- and multiplication of Rs.100/-

 

Tenure & Rates of Recurring Deposit Account:

·      12 Month                      9.50%

·      24 Month                      10.00%

·      36 Month                      10.50%

·      48 Month                      11.00%

·      60 Month                      11.50%

·      72 Months                    12.00%

 

Deposit Limit:

·      Minimum amount 100/ - and in multiples of Rs. 100/-

 

·      Maximum: No Limit

Personal Loan

Sl. No.

Product Attributes

Description/Details

1

Purpose

Personal need

2

Eligibility

Professionals

Salary Class

Businessmen

Net income should be more than 10000/-

3

Age Limit

18 to 60 years

4

Loan Amount

Min – 10,000/-

Max upto Rs. 2lacs

5

Rate of Interest

16% for Professionals

18 % for Non Professional

6

Processing fee

1% of the loan amount

7

Loan Period

Max 24 months

8

Repayment Mode

Weekly/Fortnightly/Monthly

9

Security

Pronote & Agreement

Guarantee Agreement 

Loan Against property

Sl. No.

Product Attributes

Description/Details

1

Purpose

Any bankable project

2

Eligibility

Professionals

Salary Class

Businessmen

Agriculturist

Net income should be more than 10000/-

3

Age Limit

18 to 65 years

4

Loan Amount

Min – 100,000/-

Max upto Rs. 25lacs

Limited to 50% of the Market value

5

Rate of Interest

18 % DM

6

Processing fee

1% of the loan amount

7

Loan Period

Max 60 months

8

Repayment Mode

Weekly/Fortnightly/Monthly

9

Security

Mortgage of property

Pronote & Agreement

Guarantee Agreement 

Loan Against FIxed Deposit

Sl. No.

Product Attributes

Description/Details

1

Purpose

To meet immediate financial needs

2

Loan Amount

Max upto90% of the Fixed amount

3

Rate of Interest

2% over the FD rate

4

Loan Period

Up to the deposit period

6

Repayment Mode

Weekly/Fortnightly/Monthly/Bullet Payment