GVM’S STAFF CO-OPERATIVE CREDIT SOCIETY LIMITED

Term Deposits

Deposit Accepted

RECURRING DEPOSIT

   Sr. No.                       Amount                  Deposit Period                 Interest Rate
        1
Min. Rs. 500.00 Per Month
                           1 yr                          8%  P.A.
Rate of interest on premature withdrawal before 3 months is Nil.
Rate of interest on premature withdrawal after 3 months is 5%.
 

FIXED DEPOSIT

              Sr. No.                          Amount                                    Deposit Period                 Interest Rate
            1
Any Amount
                       1 yr                       7% P.A.
Rate of Interest on premature withdrawal before 6 months is 5%
Rate of Interest on withdrawal after 6 months but before maturity is 6% 

RETIREMENT BENEFIT SCHEME (RBS)

        Sr.No.                        Amount                           Deposit Peroid         Rate of Interest
            1
Min. Rs. 1000.00
Max. Rs. 5000.00
                  Min. 3 yrs                          7.5% P.A.
Members can withdraw RBS Amount only after 3 yrs if he/she is not having loan.