Thrift Deposit
With effect from 01.01.2015
10%
RATE OF INTEREST
Fixed Deposit
With effect from 01.01.2022
| 7days to 29days | 3.75% |
|---|---|
| 31 days to 150 days | 3.75% |
| 30 days to 45 days | 4.25% |
| 46 days to 90 days | 5.25% |
| 181 days to 364 days | 5.75% |
| On completion of one year | 7% |
| Interest also payable on monthly, Quarterly, Half yearly basis | 6% |
Recurring Deposit
12 Months |
with effect from 01.04.2022 |
8.5% |
|---|
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 } | 01.04.2022 | 10.5% | Fixed Rate of monthly Diminishing Balance |
