Deposits
The company accepts deposits from general public, companies, societies, associations, trusts etc. and offers very attractive rate of interest. At present, rate of interest offered ranges from 8.50% to 9.25% and the period from 1 to 7 years. The minimum amount of deposit is Rs.5,000 and is accepted in multiples of Rs.1,000 thereafter. Interest is paid monthly/quarterly/half-yearly/yearly on fixed deposits. Interest is computed on quarterly compounded basis on cumulative deposits. Interest is paid by way of post-dated warrants.
| Period (months) |
Rate of Interest (per annum) |
| 12 & 24 |
8.50 % |
| 25 to 48 |
9.00 % |
| 49 to 84 |
9.25 % |
(rates w.e.f. 01/12/2009)
Cumulative Chart for the amount of Rs. 5000/-
| Period (year) |
Maturity Amount (For Rs. 5000) |
Maturity yield (Average) |
| 1 |
5439.00 |
8.78 |
| 2 |
5916.00 |
9.16 |
| 3 |
6530.00 |
10.20 |
| 4 |
7138.00 |
10.69 |
| 5 |
7898.00 |
11.59 |
| 6 |
8655.00 |
12.18 |
| 7 |
9484.00 |
12.81 |
Senior citizens and Trusts are offered 0.50 % additional interest for all maturity periods.
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