Period of Daily Deposit | Rate of Interest (Compounded Monthly) |
15 months | 8.00% |
24 months | 9.00% |
36 months | 10.00% |
- The depositor can deposit rs 50/- or in multiple of rs50/- on a daily basis and authorized agents of the society will collect the same on a daily basis.
- Minimum daily deposit amount of Rs. 50/- per day and in multiple of Rs. 50/- per day.
- Premature withdrawal is permissible only after 12 months and in such an event rate of interest would be reduced by 4%.
- Loan against Deposit amount is available upto 65% to 70% of the Principal value only after 6 months. The rate of interest for such loan would be 3.00% over effective FD rate and interest shall be payable on a monthly basis in such case of loan.
Terms and conditions
- a) All above schemes are subject to rules and regulation of the Society.
- b) The schemes are also subject to detail terms and condition for each scheme as may be determined by the management of the society.
- c) Management may vary terms and conditions at their discretion and same will be communicated to respective scheme participants from time to time.
- d) Processing fee and Documentation charges will be separate as fixed by the society from time to time.
- e) Subject to Ahmedabad Jurisdiction only.
- *Contact us for the more details.