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 10.00% to 10.50% 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 |
10.00 % |
| 25 to 48 |
10.50 % |
| 49 to 84 |
10.00 % |
(rates w.e.f. 10/08/2011)
Cumulative Chart for the amount of Rs. 5000/-
| Period (year) |
Maturity Amount (For Rs. 5000) |
Maturity yield (Average) |
| 1 |
5519.00 |
10.38 |
| 2 |
6092.00 |
10.92 |
| 3 |
6824.00 |
12.16 |
| 4 |
7569.00 |
12.85 |
| 5 |
8193.00 |
12.77 |
| 6 |
9044.00 |
13.48 |
| 7 |
9982.00 |
14.23 |
Senior citizens and Trust are offered 0.50 % additional interest for all maturity periods.
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