FIXED DEPOSIT

We are a regulated financial institutions that are subject to certain rules and regulations to ensure the safety and security of deposits.

Our interest rate is typically determined by the society's board of directors and management and is influenced by various factors such as market conditions, competition, and regulatory requirements.

Our Fixed Deposits have a predetermined maturity period, which can range from 6 months to several years. During this period, the deposited amount remains locked, and you cannot withdraw it without incurring penalties or losing interest. It's important to consider your financial goals and liquidity needs before deciding on the tenure of your fixed deposit.

Our cooperative credit societies usually have a minimum deposit requirement for opening a fixed deposit account. The minimum amount can vary depending on our policies.

Interest on fixed deposits will be paid or at the time of maturity, depending on the terms and conditions set by the cooperative credit society.

We provide a nomination facility wherein you can nominate a person who will receive the fixed deposit's proceeds in case of your demise. This helps in facilitating the smooth transfer of funds and avoids legal complications.

If you need to withdraw your fixed deposit before the maturity date, we usually allow premature withdrawals. However, there may be penalties or a reduction in the interest rate applicable for premature withdrawals.