DEPOSIT
(Interest rate revised with effect from 16/01/2022)| PERIOD | FOR GENERAL | FOR SENIOR CITIZEN (60 yrs) |
|---|---|---|
| 1 Year | 7.00 % p.a | 7.50 % p.a |
| 555 Days | 8.00 % p.a | 8.50 % p.a |
- - Deposits will be accepted from members in cash if the aggregate Deposits is below ₹ 20,000/- only. Otherwise in cheque/demand draft/bank transfer[RTGS/NEFT]
- - Interest will accrue from date of receipt of cash/cheque subject to realization.
- - Interest ceases from the date of maturity of deposit unless renewed on the due date or with In 30 days.
- - Repayment of deposits will be made on the due date and deposits of ₹ 20,000/- and abovewill be repaid only by cheque/ NEFT or RTGS.
- - Maximum amount of withdrawal by cash on single day will be less than ₹ 20,000/-
- - Presently the Interest Rate is 6% p.a. which is subject to change
- - Minimum balance required for Savings Deposit is ₹ 500
- - Interest is calculated on daily balance and paid every half/year.
- - Maximum balance eligible for Interest is ₹ 1,00,000
- - No cheque book facility.
| Interest | 7.00% | 7.50% | 8.00% |
|---|---|---|---|
| Amount (₹) | 12 Months | 24 Months | 36 Months |
| 500 | 6,234 | 12,978 | 20,388 |
| 1,000 | 12,462 | 25,954 | 40,770 |
| 2,000 | 24,926 | 51,913 | 81,542 |
| 5,000 | 62,312 | 1,29,775 | 2,03,855 |
| 10,000 | 1,24,620 | 2,59,553 | 4,07,717 |
| 15,000 | 1,86,932 | 3,89,328 | 6,11,569 |
| 20,000 | 2,49,243 | 5,19,106 | 8,15,431 |
- - Pre-closure allowed at any point of times after 3 months at the reduced rate of interest.
- - Subscription amount should be paid before end of the month to avoid additional interest.
LOAN SCHEMES
- - Inorder to avail jewel loan, individuals should become a member, buy buying shares to an extent of ₹ 100/-
- - Members can avail jewel loan above ₹ 2 lakhs by cheque or instant transfer to their bank accounts By NEFT/RTGS.
- - The loan will be given for the net weight only after reduction for purity, stones, etc.
- - Repayment above ₹ 2,00,000/- per account /per day will be accepted by cheque or NEFT/bank transfer/RTGS.
- - Quick payment of loan above ₹ 20,000/- by NEFT or cheque.
- - Part payment allowed.
- - Pre-closure loan is allowed.
- - Interest on cumulative deposit loan has to be paid every month on or before last working dayto avoid additional interest.
LOCKER FACILITY
- - We provide lockers of convenient sizes at reasonable yearly rent.
- - The lockers are in Strong Room with 100% secured environment as available in Banks.
- - Lockers can be operated from 10.00 a.m to 6.00 p.m on all working days. (Monday Holiday)
| Type | Dimension in Inches. (approx) | Security Deposit (Refundable) (₹) |
Yearly Rent (₹) |
||
|---|---|---|---|---|---|
| Height | Width | Depth | |||
| A | 5 | 7 | 19 | 3,500 | 500 |
| B | 6 | 8 | 19 | 4,500 | 1,000 |
| C | 7 | 10 | 19 | 6,000 | 1,300 |
| D | 11 | 14 | 19 | 7,000 | 1,700 |
| E | 15 | 21 | 19 | 10,000 | 2,500 |