DEPOSIT

smbg

Sahayog Mahila Bachat Gat (SMBG)

Minimum Account to be opened 120/-

Rate of Interest 8%

Fixed Period for 66 Months

Premature closing conditions:-

1) If 36 months or (3 years) completed than in that case 8% of interest will be given.

2) If Account closing before 36 months in that case 18% service charge of deposit is to be deducted, follow with G.S.T. and Passbook Charges

3) Accident Policy only applicable if account is 3 months or more and account must be regular for it.

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Sahayog Kisan Bachat Gat (SKBG)

Minimum Account to be opened 200/-

Rate of Interest 8%

Fixed Period for 66 Months

Premature closing conditions:-

1) If 36 months or (3 years) completed than in that case 8% of interest will be given.

2) If Account closing before 36 months in that case 18% service charge of deposit is to be deducted, follow with G.S.T. and Passbook Charges

3) Accident Policy only applicable if account is 3 months or more and account must be regular for it

Recurring Deposit

Minimum Account to be opened 100/-

Rate of Interest 8%
Maximum period of time 72 Months

Premature closing conditions


1) Closed Before 3 Month 6% Service Charge of Deposit

2) Closed after 3 Month and Before 8 Month 4% Service Charge of Deposit

3) Closed after 8 Months and Before 12 Month(1 year) Only Principal is to be paid

4) After maturity Principal + interest

FIXED DEPOSIT

Rate of Interest

1)From 0-1 years 11%

2) From 1-2 years 11%

3) From 2-3 years 11%

4) From 3-4 years 11%

5) From 4-5 years 11%

6) From 5-6 years 11%

Premature closing conditions


No premature closing is allowed accept worst case like death in that case Service charge of Deposit is to deducted as follows

Premature withdrawl of 0-1 year 3.50%

Premature withdrawl of 0-2 year 5%

Premature withdrawl of 0-3 year 6.5%

Premature withdrawl of 0-4 year 8%

Premature withdrawl of 0-5 year 9.5%

Saving Account

1. Rate of Interest 6% p.a.
2. Minimum Balance & account opening 100/-

Current Account

1. Minimum Balance 1000/-
2. Rate of Intrest 0%

For co-operative societies
1. Rate of Interest 3%
2. Minimum Balance 1000/-

Daily Deposit Account

Rate of Interest 6% (i.e. 2.73% flat)Minimum Account to be opened 50/- Onwards

Premature closing conditions


1. Closed Before 3 Month 6% Service Charge of Deposit

2. Closed after 3 Month and Before 8 Month
4% Service Charge of Deposit

3. Closed after 8 Months and Before 12 Month(1 year)
Only Principal is to be paid

4. After maturity Principal + interest

Dam Duppat

1 . Duration of deposit 6 years2 . Amount Double in 6 years.

Premature closing conditions


For premature withdrawal 14% deducted as service charge.

MONTHLY INCOME SCHEME

1 . From 0-3 Lakh deposit 800/- per Lakh

2 . From 3 lakh onwards 1000/- per Lakh

3 . Minimum Duration of deposit 6 years

Premature closing conditions


No Premature closing is a allowed accept worst case like death For premature withdrawal service charge of deposit deducted 14%

Monthly income is to deposited at Account holders saving account