GVM’S STAFF CO-OPERATIVE CREDIT SOCIETY LIMITED

Investment Schemes

Deposits & Investment Schemes

Recurring Deposit Scheme @8%

       SR. NO.            DEPOSIT PER MONTH                TERM IN MONTHS                       MATURITY AMOUNT
             1
500.00
                           126260.00
            2
1000.00
                           1212520.00
            3
1500.00
                           1218780.00
           4
2000.00
                           1225040.00
           5
2500.00
                           1231300.00
           6
3000.00
                          1237560.00
           7
3500.00
                          1243820.00
          8
4000.00
                          1250080.00
           9
4500.00
                          1256340.00
           10
5000.00
                          1262600.00

Fixed Deposit Scheme @7%

      SR. NO.                        DEPOSIT PER MONTH                    TERM IN MONTHS                             MATURITY AMOUNT
            1
10000.00
                                      1210700.00
           2
20000.00
                                      1221400.00
           3
30000.00
                                       1232100.00
           4
40000.00
                                      1242800.00
            5
50000.00
                                      1253500.00
            6
60000.00
                                      1264200.00
            7
70000.00
                                       1274900.00
           8
80000.00
                                      1285600.00
          9
90000.00
                                      1296300.00
         10
100000.00
                                      12107000.00

Retirement Benefit Scheme @ 7.5%

Monthly contribution towards society is deposited under the head of Retirement Benefit Scheme and annual interest is capitalised yearly to the balance amount.

Death Relief Assurance Scheme (DRAS)

This Scheme is introduced by TCA Ltd. This scheme gives opportunity for security to loans, relief to sureties, bereaved family members from repay of loan, no annual premium, risk cover, assurance for any type of death. Warranty of refund of deposit, opportunity for voluntary withdrawals and contribution for social obligation: In brief, this scheme comes to the rescue of not only to the family of deceased member but also avoids the hardship on sureties. Members are eligible for maximum assured relief amount in respect of their age.

The DRAS scheme is as under

             Age Group             DRAS deposit                            Times of Deposit                                Assured Relief Amount
18 to 45 years
Rs. 5,000.00
                                16 Times Rs. 80,000.00 (Max)
46 to 60 years
Rs. 5,000.00
                                12 Times Rs. 60,000.00 (Max)