Period of Recurring Deposit | Rate of interest (compounded monthly) | Maturity amount for Rs.100/- P.M. recurring in Rs. |
15 months | 9.00% | 1581/- |
24 months | 10.00% | 2645/- |
36 months | 12.00% | 4242/- |
48 months | 12.5% | 6122/- |
- Minimum monthly deposit of Rs. 100/- or in multiple of rs 100/- for tenure of 15 months, 24 months, 36 months and 48 months.
- On 5th of every month at soc. Office
- Premature mature withdrawal not premitable for monthly recurring scheme as per society's rule
- Loan against monthly recurring scheme is available up to 70% to 80%, The rate of interest for such loan would be 3% over effective monthly Deposit rate and interest shall be payable on a monthly basis in such case of loan. Subject to society rules from time to time.
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.