Term Deposit Schemes

Shree Sharada Sahakari Bank Ltd., Pune    19-Sep-2015

 

 

 

 

 

 

 
 
 
  • Lakhpati Deposit Scheme:

Under this scheme, the depositor will receive one lakh on maturity as interest rates are attractive.

 Sr.No. Period           Deposit Amt      Maturity Amt
 1. 12 Months 93060/- 1,00,004/-
 2. 24 Months 86605/- 1,00,001/-
 3. 36 Months 79425/- 1,00,004/-
 4. 48 Months 75015/- 1,00,004/-
 5. 60 Months 69815/- 1,00,005/-
  • दाम दुप्प्ट योजना :
    रु. १,००,००० मुदत ठेवा आणि रु. २,०१,४८५ मिळवा कालावधी ९ वर्ष ९ महिने.

 

  • Lakhpati Recurring Deposit Scheme :

Under this scheme, the depositor will receive one lakh on maturity as interest rates are attractive. Accounts can be opened for 5 different period slabs as per customer’s convenience.

Sr. No.

Period

RD Installment Amount

Maturity Amount

1.

12 Months

8,100/-

1,00,537/-

2.

24 Months

3,950/-

1,01,191/-

3.

36 Months

2,525/-

1,00,951/-

4.

48 Months

1,850/-

1,01,045/-

5.

60 Months

1,425/-

1,00,498/-

  •  Recurring Deposit Scheme :

           This scheme is designed for monthly saving where you can deposit a certain amount for specified period & the depositor will receive maturity amount with attractive Interest rate.  Recurring Deposit Account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.

Minimum amount of Deposit : Rs. 100/-

Period : Min. 12 Months & Max. 60 Months

Facilities Offered:

  • Monthly Standing Instruction is accepted (For installment credit).
  • Installment credit through ECS facility.
  • 90 % Loan against recurring amount is granted as per prevailing rules.

Customized  recurring scheme is also available in which period is decided as per customers requirement.

Term Deposit Scheme :                                                
  1.  Monthly Interest Deposit Scheme

           Monthly Interest will be paid on the deposits at the rate in force from time to time.

          Period : Minimum – 12 Months & Maximum – 60 Months

  • Bank will issue a Fixed Deposit certificate (Receipt).
  • 90% Loan against Deposit amount is granted as per prevailing rules.
  • Interest will be paid in Saving Bank Account or through ECS by crediting to the bank account of the depositor.
  1.  Quarterly Interest Deposit Scheme

Quarterly Interest will be paid on the deposits at the rate in force from time to time.

          Period : Minimum – 12 Months & Maximum – 60 Months.

  • Bank will issue a Fixed Deposit certificate (Receipt).
  • 90% Loan against Deposit amount is granted as per prevailing rules.
  • Interest will be paid in Saving Bank Account or through ECS by crediting to the bank account of the depositor.
  1.  Half yearly Interest Deposit Scheme

           Half  Yearly Interest will be paid on the deposits at the rate in force from time to time.

          Period : Minimum – 12 Months & Maximum – 60 Months

  • Bank will issue a Fixed Deposit certificate (Receipt).
  • 90% Loan against Deposit amount is granted as per prevailing rules.
  • Interest will be paid in Saving Bank Account or through ECS by crediting to the bank account of the depositor. 
  1. Cumulative Interest Deposit Scheme

          In this scheme the depositor can invest certain amount for Fixed period and get amount on maturity with interest on quarterly compounding basis.

          Period : Minimum – 12 Months & Maximum – 60 Months

  • Bank will issue a Fixed Deposit certificate (Receipt).
  • 90% Loan against Deposit amount is granted as per prevailing rules.     
  1. Short Term Deposit Scheme

          In this scheme the depositor can invest certain amount for a short period and get amount with interest on maturity.

         Period : Minimum – 15 Days & Maximum – 364 Days

  • Bank will issue a Short Term Deposit Passbook.
  • 90% Loan against Deposit amount is granted as per prevailing rules.  

       6.  Special Account Operation Facility : 

          Either or Survivor form  Account_operation_form

       Note for all above Term Deposit Schemes :

  1. Rate of Interest is subject to change as per RBI directive & as per Bank’s policy from time to time.
  2. Premature withdrawal of Term Deposit is allowed subject to prevailing bank rules.
  3. Auto renewal Facility - After 14 days of maturity, Fixed Deposits are renewed by the bank for a period of 181 days at the interest rate applicable from the maturity date.
  4. Loan against Term Deposit is given immediately as per prevailing rules.
  5. Premature  rules : 1% penalty for premature withdrawal of deposits (Not on renewal of deposits) (1% less than applicable rate for period remained with bank at the ti me of deposit).