The Society offers recurring deposit facility, where the deposits can be made for a period of 1-2 years at attractive rate of interest. A deposit of minimum Rs. 500/- or its multiples shall be accepted.
All members would be provided accidental insurance coverage for Rs. 2lacs within three months of the date of enrolment as member.
Fixed deposit facility open to all members has the following bene its:
1 YEAR | 2 YEARS | 3 YEARS | |
GENERAL RATE | 9% | 9.25% | 9.5% |
SR. CITIZEN RATE | 9.25% | 9.5% | 9.75% |
FD can be withdrawn only through cheques, at any time. TDS shall be applicable upon withdrawal of interest amount.
Loan Facilities are open to individuals with a Society membership of at least 6 months.
The society provides the following loan services:
Regular/Ordinary Loans at 16% interest PA with repayment period ranging from 12, 24, 36 and 48 EMIs as per the convenience of members
Emergency Loans up to Rs. 20,000/- at 16% interest PA for a period of 10 months.
Gold Loans at Rs. 1800 per gram or 70% prevailing market rates (whichever is lower) at 12% for a period of 6 months. Interests to be paid on a monthly basis.
Property Renovation Loan
Vehicle Loan
New membership is open to all individuals residing under National Capital Region (NCR) who are employed and above the age of 18, at a joining fee of Rs.500/- and initial share value of Rs.1000/ subjected to the submission of the following documents for verification:
Duly filled application form
Photographs (1)
Address Proof of Delhi & Native Place
ID Proof
Membership will be confirmed in writing after successful completion of due diligence. In case the membership is declined, complete payment made by the applicant will be refunded.