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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.
• All rights reserved by the society.
Note:- This scheme is only valid for members of the society.
 
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