Recurring Deposits
Recurring Deposits Overview
Start building your savings systematically with Sai Venkateswara Multipurpose Mutual Aided Co-operative Society Ltd Recurring Deposit. Watch your money grow steadily over time while enjoying the security of a trusted financial partner. Check our attractive interest rates and embark on your savings journey today.
Eligibility
Anyone who is eligible to open a Current or Savings Bank Account with the Bank are eligible to invest in term deposits.
Features & Benefits
Overdraft/ loan against FD available.
Additional 0.5% interest for Senior citizens.
Nomination/pre-closure facilities available.
- A regular monthly savings grow into a large sum to meet the financial needs at the end of the agreed period.
- Interest Calculation - Quarterly compounding.
- Amount -monthly installment of Rs. 1,000.
Documents Required
List Of Valid KYC Documents For Account Opening:
- Aadhaar Card, PAN Card, Driving License, Gas Bill, Electricity Bill.
- Residential address proof.
Recurring Deposits
Explore a rewarding journey towards financial prosperity with our Recurring Deposit Scheme at Sai Venkateswara Multipurpose Co-operative Society Ltd. Every month, receive Rs. 1000/- for your diligent deposits.
| S.No | Time Limit | Ordinary Members | Senior Citizen Members | ||
|---|---|---|---|---|---|
| 1 | 1 year to below 2 years | 11.50% | 12,776/- | 12% | 12,802/- |
| 2 | 2year to below 3 years | 12.50% | 27,352/- | 13% | 27,496/- |
| 3 | 3 year to below 5 years | 13.50% | 44,470/- | 14% | 44,824/- |
| 4 | 5 years | 15.00% | 89,220/- | 15% | 89,220/- |
Recurring Deposits
Are you looking for a reliable and rewarding investment option? Look no further! Introducing our Recurring Deposit (RD) scheme, where your commitment of just Rs. 1200 per month for 60 months can yield you an impressive return of Rs. 1,07,064.
Recurring Deposits
Are you looking for a reliable and rewarding investment option? Look no further! Introducing our Recurring Deposit (RD) scheme, where your commitment of just Rs. 1200 per month for 60 months can yield you an impressive return of Rs. 1,07,064.
