DEPOSIT
Thrift Deposit:
Thrift Deposit is a compulsory savings and it is recovered from the monthly salary of a member according to cadre wise. Interest on thrift is calculated annually and paid by NEFT/RTGS to concerned member.
| Class IV | Rs.1200/- |
|---|---|
| Class III | Rs.1700/- |
| Class II & Class I | Rs.2200/- |
Fixed Deposit:
The society accepts fixed deposits from member and allows better rate than the bank interest rate. The minimum deposit is Rs.1,000/-. Interest also payable on monthly, quarterly, half yearly basis.
Recurring Deposit:
Recurring deposit is recovered through salary for a period of 12 months, Minimum Rs.50/- and multiple of Rs.50/-. On maturity NEFT/RTGS is sent to the member directly.