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DETAILS OF SAVINGS/FIXED DEPOSIT SCHEMES/ RECURRING DEPOSIT SCHEME

The Saath Saving and Credit Co-operative society Ltd provide an array of plans for investment purpose. Amongst them, the fixed deposit plans are the favourites. The interest rates are higher than any other financial institutions for the benefit of the investor.

Recurring Deposit Scheme:

In this product, any member can save Rs.500 or any amount in multiples of 100 per month with varying interest for 12 months, 24 months & 36 months. Once the monthly deposit is fixed the same cannot be changed during the plan period.

Rate of Interest Per Annual
12 Months 24 Months 36 Months
8.00% 8.25% 8.50%
Child Plan :

In this product, any member can save Rs.200 or any amount in multiples of 100 per month for their children up to 36 months. On maturity, the amount could be withdrawn or further invested

Rate of Interest Per Annual
12 Months 24 Months 36 Months MORE THEN 1000
8.00% 8.25% 8.50% 8.50%
Fixed Deposit :

There are flexible tenures for fixed deposit from six months to 2 years. A Member can save in FD with minimum amount of Rs. 3,000.

Months Rate of Interest Senior Citizen
6 month 7.50% 8%
9 month 7.75% 8.25%
12 month 8% 8.50%
24 month 8.50% 9%
1 year & more than 2 lacs 8.50% 9%
2 year & more than 2 lacs 9% 9.5%
1 year & more than 10 lacs 9% 9.5%
2 year & more than 10 lacs 9% 9.5%
* Pre Mature Withdrawal 5% Interest
Monthly Income Scheme :

There are two monthly income schemes, for 3 years and 5 years periods with minimum amount of Rs.10000. Pre- mature discontinuation of the scheme is not permissible. The amount payable monthly will be automatically transferred to his/her voluntary saving

Rate of Interest
3 years 5 years Above 2 lacs
8.50% 9.00% 9.25%
0.5% extra for senior citizen