INVESTMENT SCHEMES
Fixed Deposit Scheme
The Society has implemented Fixed Deposit schemes on simple
and compounding interest beneficial to the members of the society at
an attractive rate of interest.
A member can invest in the Fixed Deposit Schemes of the Society
from the period of 15 days to till his retirement or maximum 10 years.
The Rate of Interest is as per chart attached here below.
In a Fixed Deposit, you put a lump sum in your Society for a fixed
tenure at an agreed rate of interest. At the end of the tenure, you
receive the amount you have invested plus compound interest.
Recurring Deposit Scheme
A Recurring Deposit, commonly known as RD, is a unique term-
deposit that is offered by the Society. It is an investment tool which
allows members to make regular deposits and earn decent returns
on the investment.
Designed to save any amount over a period of time, RDs are an
advanced version of the fixed deposit. This is because a recurring
deposit understands that you may not be able to save all the money
in one go. So, it allows you to save bit by bit, and get interest for the
outstanding balance.
Lakhapati Deposit Scheme
The Society has introduced two Lakhapati Deposit Schemes w.e.f.
1 st January 2022 which has been approved in the Annual General
Body Meeting of the Society held on 23 rd October 2021.
The details of the Lakhpati Deposit Scheme are as under:
Lakhapati Scheme No. 1
| Year |
Rate of Interest |
Deposit Amount |
| 1 |
7.50% |
92850.00 |
| 2 |
7.50% |
86200.00 |
| 3 |
7.50% |
80050.00 |
| 4 |
7.50% |
74300.00 |
| 5 |
7.00% |
70685.00 |
| 6 |
7.00% |
65945.00 |
| 7 |
7.00% |
61525.00 |
| 8 |
7.00% |
57400.00 |
| 9 |
7.00% |
53551.00 |
| 10 |
7.00% |
49965.00 |
Lakhapati Scheme No. 2
| Years |
Initial
Deposit
|
Monthly
Installments
|
No. of
Months
|
Total Deposit |
Interest |
Maturity
Amount
|
| 1 |
5000.00 |
8295.00 |
11 |
96245.00 |
3755.00 |
100000.00 |
| 2 |
5000.00 |
3807.00 |
23 |
92561.00 |
7439.00 |
100000.00 |
| 3 |
5000.00 |
2400.00 |
35 |
89000.00 |
11000.00 |
100000.00 |
| 4 |
5000.00 |
1730.00 |
47 |
86310.00 |
13690.00 |
100000.00 |
| 5 |
5000.00 |
1325.00 |
59 |
83175.00 |
16825.00 |
100000.00 |
| 6 |
5000.00 |
1057.00 |
71 |
80047.00 |
19953.00 |
100000.00 |
| 7 |
5000.00 |
867.00 |
83 |
76961.00 |
23039.00 |
100000.00 |
| 8 |
5000.00 |
726.00 |
95 |
73970.00 |
26030.00 |
100000.00 |
| 9 |
5000.00 |
617.00 |
107 |
71019.00 |
28981.00 |
100000.00 |
| 10 |
5000.00 |
531.00 |
119 |
68189.00 |
31811.00 |
100000.00 |
