Janakalyan Co-operative Credit Society Ltd.

[ An Urban Credit Co-operative Society (UCC) ]

"Add small to make large"

Monthly Income Plan

Monthly Income Scheme

If Deposit Amount is 10000/-
Plan & Duration Interest Rate Maturity Amount
MIS-12 9.5 79
MIS-18 9.75 81
MIS-24 10 83
MIS-36 10.25 85
MIS-48 10.5 88
MIS-60 & Above 10.75 90
Terms & Conditions :

(1) Interest rates effective from April 01, 2017

(2) Minimum DD would be of Rs.1000/-and further in multiple of Rs.1000/-

(3) Interest will be calculated yearly via compound interest.

(4) Defaulters will be charged at the rate Rs. 2% per month per instalment.

(5) Members can premature this deposit as per following rules:-

     * MIS for 01 Year:- The member can get prematurity after 06 months.

     * MIS For 02 Years:- The member can get prematurity after 12 months.

     * MIS For 02 To above 06 Years:- The member can get prematurity after 24 months.

     * 2% will be deduct for Pre-maturity on receivable total according this time.

(7) The maturity amount will be transferred to Saving Account within 15 days.

(8) Loan available up to 80% of deposit amount. After receipt of 12 instalments.

     * The facility of premature payment or loan against deposits is not available for irregular accounts.