The most common term of investment where customer gets better returns/interest on their deposits. Bank offers various ranges of schemes in the form of Fixed Deposits where interest is paid to investor at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits.
The Sadhana Sahakari Bank offers following schemes to its customers.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
- Monthly Deposit Scheme(MIC) :
- Interest amount will be paid Monthly.
- Interest will be paid credited to the customers Bank Account through by Pay order.
- Quarterly Deposit Scheme(QIC) :
- Interest amount will be paid Quarterly.
- Interest will be paid in credited to the customers Bank Account by Pay order.
- Half yearly Deposit Scheme(HIC) :
- Interest amount will be paid Half yearly.
- Interest will be paid in credited to the customers Bank Account by Pay order.
- Yearly Interest Deposit Scheme(YIC) :
- Interest amount will be paid Yearly.
- Interest will be paid in credited to the customers Bank Account or by Pay order.
- Individual/Two or more persons in their joint names.
- Co-operative Societies, Registered Trust, Institutions and Associations etc
- By a natural guardian Note for all above schemes :-
- Rate of Interest will be as per RBI directive & as per Bank policy from time to time.
- Premature withdrawal of term deposit is allowed subject to prevailing bank rules.
- Renewal is carried out at the rate of interest prevailing on the date of maturity provided overdue period does not exceed 14 days from the date of maturity.
- Where a receipt gets matured and overdue period exceeds 14 days, interest would be paid as per interest rate applicable to Savings Bank deposit provided the depositor renews the deposit for a further minimum period as per bank clause. If not renewed then in such case no interest will be paid.
- Loan against Term Deposit is given immediately as per prevailing rules.
- TDS is whenever applicable.
Following Interest Rate
| Duration | New Rates | |
|---|---|---|
| Ordinary Citizens | Senior Citizen & Cooperative Societies | |
| 7 Days To 30 Days | 4.00% | 4.00% |
| 30 Days To 180 Days | 4.00% | 4.25% |
| 181 Days To 364 Days | 7.00% | 7.25% |
| 365 Days & 12 Months To 24 Months | 7.25% | 7.50% |
| Above 24 Months | 6.00% | 6.25% |
| साधना सुवर्णमहोत्सव ठेव योजना [Sadhana Suvranmhostav Fixed Deposit] 25 Months 1 Day | 7.50% | 7.75% |
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------