Sarva Gramin Vikas Co-operative Multipurpose Society Ltd | Credit Society | Cooperative Society Software | Multi State Credit Cooperative Society

Recurring Deposit Plan

Sarva Gramin Vikas Co-operative Multipurpose Society Ltd.

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sarva Gramin Vikas Co-operative multipurpose Society Ltd.

Requirements:-

• Two latest photographs.
• Proof of residence (passport, Driving license, Ration card, voter card, Electricity bill, Aadhar card etc.
• Photo identity proof.
• Membership fees of Rs 10/-

Deposit Amount	%	500	1000	1500	2000	2500	3000	4000
02 Year	8.50%	13123	26245	39368	52490	65613	78735	104980
03 Year	9.00%	20731	41461	62192	82923	103653	124384	165845
05 Year	11.00%	40123	80247	120370	160494	200618	240741	320988
07 Year	11.50%	64691	129382	194073	258764	323455	388146	517528
10 Year	12.50%	119691	239381	359072	478763	598453	718144	957525

Deposit Amount	%	5000	6000	7000	8000	9000	10000
02 Year	8.50%	131225	157470	183715	209960	236205	262450
03 Year	9.00%	207307	248768	290230	331691	373152	414614
05 Year	11.00%	401235	481482	561729	641976	722223	802470
07 Year	11.50%	646909	776291	905673	1035055	1164437	1293819
10 Year	12.50%	1196907	1436288	1675669	1915051	2154432	2393813

Terms & conditions:-

• Initial deposit will be Rs 500 minimum, multiply500/-

• Interest calculation annually compounding.

• Loan Against deposit will be available after one year of 60% total deposit amount

• No TDS will be deducted on interest paid by on deposits.

• For yearly, half yearly, quarterly installments have 30days., Monthly installment , daily installments have 10days grace period will be allowed. if installment will not regular then society will charge late payment (2%)

• Prematurity will be allowed after 2years. As per society terms & conditions.

• In case customer want to discontinue his/her policy before 12months. Than He/she will not eligible for any interest amount against the deposit amount.

• In case customer want to discontinue his/her policy after 12months. Than He/she will eligible for 4% interest as general yearly against the deposit amount.

• No interest will be payable to the investor after the expiration of the deposit amount.

Note:- This scheme is only valid for members of the society.