A deposit is a safe place to keep your money while earning interest. Schemes are designed to keep money that you don't need right away. Keeping that money in a separate account ensures that it will be there when you need it. Deposit puts some distance between your everyday spending money, which is kept in your checking account, and cash that will be used at a later date.

1) Savings Deposit

Shareholders and new Customers can open Savings Deposit account with ease . There is no limit for cash deposits into Savings Account. In the event of an emergency, funds can be withdrawn from a Savings Account using withdrawal forms.

Key Features

• Attractive interest rate.
• Quarterly interest payout based on average quarterly balance.
• Unlimited free cash withdrawal and balance enquiries during banking hours.
• SMS facility is available for the members.

Daily Product

A Unique saving schemes for daily income earners. A unique savings scheme wherein, the daily income earners can park their surplus funds with attractive returns. This scheme was created to assist daily wage people, small traders, and farmers in developing saving habits as well as a way to pay larger capital requirements such as weddings, home purchases, vehicle purchases, and so on.

Key Features

• A unique savings scheme wherein, the daily income earners can park their surplus funds.
• An authorized agent of the Company collects the daily deposits from the customer’s doorstep.
• A scheme which suits both the rich a poor alike.
• An ideal product for those who are into business/self-employment.

2) Recurring Deposit

A Recurring Deposit, commonly known as RD, is a special kind of term deposit offered which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.

Key Features

• Features of a Recurring Deposit Account.
• You could invest with even a small amount.
• The minimum period of deposit is 1 year, while the maximum period of a deposit is 5 years.
• The rate of interest is equivalent to that offered for a Fixed Deposit. Therefore, the interest rates are higher than Savings Account.

3) Fixed Deposit

Members can choose from a wide range of deposit products with maturities ranging from 06 to 60 months at competitive rates of interest and with different features to suit the investment needs of individual Members.

Key Features

• Offering Attractive interest rates.
• Loan facility up to 90% of deposit amount; Interest charged will be 2% above deposit rate.
• No hidden charges.
• Interest will be paid out monthly or at maturity as per customer.
• Save regularly for a certain period of time.

Shares

Minimum Rs.100 per one share per one person