RATE OF INTEREST

Thrift Deposit
With effect from 01.05.2019
8%

 
Fixed Deposit
With effect from 01.08.2021
Upto 30 Days Nil
31 days to 150 days 3%
151 days to 240 days 4%
241 days to 300 days 5%
301 days to 364 days 6%
On completion of one year 7.5%
On completion of two year 8%
Interest also payable on monthly, Quarterly, Half yearly basis 6.5%

Recurring Deposit

12 Months

with effect from 17.02.2023

7.5%

Interest Income from the society is taxable in the hands of the members, while filling their Individual Income Tax Returns.

Loan and Interest Rates:

Type

Effective Date

Rate of Interest

Nature of Interest

Surety Loan} 01.05.2019 10% Floating Rate of monthly Diminishing Balance