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 On maturity, the amount could be withdrawn or further invested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 |
| 8.00% | 8.25% | 8.50% |
Fixed Deposit :
There are flexible tenures for fixed deposit from six months to 3 years. A Member can save in FD with minimum amount of Rs. 3,000.
| Months | Rate of Interest | Senior Citizen |
| 6 month | 6.5% | 7% |
| 9 month | 6.75% | 7.25% |
| 12 month | 8% | 8.5% |
| 18 month | 8.25% | 8.75% |
| 24 month | 8.5% | 9% |
| 1 year & more than 2 lacs | 8.5% | 9% |
| 2 year & more than 2 lacs | 8.75% | 9.25% |
| FD'S Below 6 Months | ||
| Days | Rate of Interest | |
| 15 TO 45 | 4.75% | |
| 46 TO 90 | 5% | |
| 91 TO 145 | 5.25% | |
| 146 TO 179 | 5.5% | |
| * 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
