Member Deposits
Member's Savings Bank A/c
Small scale savings is where you need to start with. So create a Savings Bank A/c with us and avail mobile banking and SMS alerts now.
Member's Fixed Deposit Account
A Fixed Deposit is an account opened with a bank wherein, the bank pays a guaranteed interest rate on the sums deposited in a Fixed Deposit account, for a stipulated period or tenure.
Member's Recurring Deposits Account
Recurring Deposit scheme provides an opportunity to build up savings through regular monthly deposit of fixed sum over a period and have sufficient funds to achieve specific financial goals at the end of specific period
Interest Rate on Deposits
| Deposit Period | General Interest Rate | Senior Citizens |
|---|---|---|
| 30 days to 91 days | 5.50% | 6.00% |
| 92 days to 181 days | 6.50% | 7.00% |
| 182 days to less than 1 year | 7.50% | 8.00% |
| 1 year | 9.00% | 9.50% |
| More than 1 year | 8.00% | 8.50% |
- Savings Account: 3%
- Recurring Deposit (1 year): 9%
- Recurring Deposit (2 years to 3 years): 9.5%
- Pigmy Deposit: 4% (for 1 year and above)