Member Savings Account
Our Savings Account is designed to facilitate member day-to-day transaction needs while rewarding balance accumulation. Enjoy standard banking features with security guidelines similar to Union Bank of India.
- Earn an attractive 6.00% interest per annum
- Minimum balance of just ₹500 required
- Complete compliance under statutory guidelines
- Monthly SMS transaction alerts
Account Terms
| Minimum Deposit | ₹500 |
| Interest Calculation | Daily closing balance |
| Interest Payment | Half-yearly payout |
| Nomination Facility | Available (Mandatory) |
Fixed Term Deposit (FD)
Maximize your returns by locking your funds in our secure term deposits. With rates significantly outperforming regular bank rates, our FDs are the ideal choice for wealth preservation.
- High interest payouts up to 12.50% p.a.
- Flexible options for payout: monthly, quarterly, or on maturity
- Loan facility available up to 90% of the deposit amount
- No TDS deduction at source (under Nidhi rules)
| Term / Period | Regular Rate | Senior Citizen |
|---|---|---|
| 1 Year | 7.00% p.a. | 7.50% p.a. |
| 2 Years | 8.00% p.a. | 8.50% p.a. |
| 3 Years | 8.50% p.a. | 9.00% p.a. |
| 4 Years | 9.00% p.a. | 9.50% p.a. |
| 5 Years | 10.00% p.a. | 10.50% p.a. |
| Over 72 Months | 11.50% p.a. | 12.50% p.a. |
Recurring Deposit (RD)
Build up your investment corpus systematically. Save a fixed amount every month starting with as little as ₹500 and earn compound interest on the savings.
- Earn compounding yields up to 11.50% p.a.
- Minimum monthly contribution of ₹500 (increases in multiples of ₹100)
- Tenure periods range from 12 months to 60 months
- Quarterly compounding model for maximum yield
| Term / Period | Regular Rate | Senior Citizen |
|---|---|---|
| 12 Months | 6.00% p.a. | 6.50% p.a. |
| 24 Months | 8.00% p.a. | 8.50% p.a. |
| 36 Months | 9.00% p.a. | 9.50% p.a. |
| 48 Months | 10.00% p.a. | 10.50% p.a. |
| 60 Months | 11.00% p.a. | 11.50% p.a. |
| Over 72 Months | 11.50% p.a. | 12.00% p.a. |
Daily Collection / Pigmy Deposit
Ideal for small businessmen, vendors, and daily wage earners. Our authorized collection agent visits your doorstep every day to collect your deposits, saving you trips to the bank branch.
- Save daily amounts starting from as low as ₹50
- Attractive interest rate of 5.50% p.a. on total accumulation
- Secure receipts issued instantly via digitized handheld devices
- 1-Year lock-in period for consistent discipline
Designed for Small Businesses
Keep your business cash flows working for you. Our Pigmy deposit collection enables seamless accumulation of excess small change into a high-interest savings pot.
5.50% Interest Rate