Deposits

Fixed Deposits

Period Rate for A Class Members Rate for B & C Class Members
15 days to 45 days 5.25% 5.25%
46 days to 90 days 6.00% 5.50%
91 days to 180 days 6.50% 6.00%
181 days to 364 days 7.00% 6.50%
1 year 7.25% 7.00%

Fixed deposits for A,B,C Class Members.

  • 1A fixed deposit of a fixed amount of money for a fixed period of time, No fixed deposit shall be received for a sum less than Rs.1,000/- = or for a period less than 15 days. Interest on deposits from members shall be fixed by the Board of Directors from time to time but the rate of interest payable shall in no case exceed the rate fixed by Govt.