Recurring Deposit Plan

MITHILA KSHETRIYA GRAMIN BANK STAFF BACHAT & SAKH SWAWLAMBI SAHKARI SAMITI LTD.

Who can become a member?
An individual residing in India, above 18 years of age is eligible become a member with MITHILA KSHETRIYA GRAMIN BANK STAFF BACHAT & SAKH SWAWLAMBI SAHKARI SAMITI LTD.
Requirements:-
• Two latest Passport Size Photographs.
• Proof of residence ( Aadhar card, Driving License, Ration Card, Voter Card , Electricity Bill (less than 3 months) etc.)
• Photo identity proof.
• Membership fees of Rs 110/-.
Years % 500 1000 1500 2000 2500 3000 4000
02 9.00% 13192 26385 39577 52770 65962 79155 105540
03 9.50% 20897 41794 62691 83588 104485 125382 167176
05 11.50% 40679 81357 122036 162714 203393 244071 325429
07 12.00% 65989 131979 197968 263958 329947 395937 527916
10 13.00% 123340 246681 370021 493361 616702 740042 986723
Years % 5000 6000 7000 8000 9000 10000
02 9.00% 131924 158309 184694 211079 237464 263844
03 9.50% 208970 250764 292558 334352 376146 417940
05 11.50% 406786 488143 569500 650857 732214 813572
07 12.00% 659894 791874 923853 1055832 1187811 1319790
10 13.00% 1233403 1480084 1726764 1973445 2220126 2466806
Terms & conditions:-
Initial deposit will be Rs 500 minimum, multiply500/-
Interest calculation annually compounding.
Loan Against deposit will be available after one year of 60% total deposit amount
No TDS will be deducted on interest paid by on deposits.
For yearly, half yearly, quarterly installments have 30days., Monthly installment , daily installments have 10days grace period will be allowed. if installment will not regular then society will charge late payment (2%)
Prematurity will be allowed after 2years. As per society terms & conditions.
In case customer want to discontinue his/her policy before 12months. Than He/she will not eligible for any interest amount against the deposit amount.
In case customer want to discontinue his/her policy after 12months. Than He/she will eligible for 4% interest as general yearly against the deposit amount.
No interest will be payable to the investor after the expiration of the deposit amount.
All rights reserved by the society.
Note:- This scheme is only valid for members of the society.