Fixed Deposit Rate (FD)

It is mandatory to be a member = share holder with 10 shares (10/- Rs each).
Minimum FD would be of Rs.10000 and can be in multiple of Rs. 1000.
Interest calculation as given in the table.
TDS on interest - will be deducted by SDNL and deposited as per provisions and Income tax Act.
Loan available against deposits up to 93% of deposited amount after one month from the date of deposit.
F.D. will not be premature within first 30 days.
If F.D. is matured after 3 month but before 6 month no interest will be paid.
If any person premature its F.D the person will be paid 1% less of maturity interest after 31 day.
In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted / as per the maturity amount.