A lump sum amount invested for a defined period with option of monthly ( at discounted rate) / quarterly / Hly interest payments on quarterly compounding interest method. )

Features

• Minimum amount of deposit Rs. 25,000/-
• Maximum amount of deposit : No limit
• Penalty of 0.50%on applicable interest for pre-mature closure
•  No interest shall be payable on premature closure before 30 days
•  In case of premature closure, interest shall be payable at the rate as applicable for the actual period the deposit retained in the society provided minimum period of deposit retained is for 30 days and minimum interest payable will be the rate as applicable to SB i.e., presently 4%.
•  Loan on the security of deposit up to 90% of the face value of the deposit amount at interest rate of 1% more than the applicable deposit interest rate
• Nomination facility is available
• No TDS. PAN copy/Form 60/ Form 15 G/ Form 15 H will be obtained
• Auto renewal on maturity for the same period
• Flexibility to convert into Freedom Growth scheme for the same contracted period from the date of conversion.
• Maturity amount exceeding Rs. 20,000/- will not be paid in cash.