Janakalyan Co-operative Credit Society Ltd.
[ An Urban Credit Co-operative Society (UCC) ]
"Add small to make large"
Weekly Deposit Plan
Weekly Deposit Scheme (WD)
If Weekly Deposit Amount is 100/-
|Plan & Duration||Interest Rate||Maturity Amount|
Terms & Conditions :
(1) Interest rates effective from April 01, 2017
(2) Minimum DD would be of Rs.50/-and further in multiple of Rs.50/-
(3) Interest will be calculated yearly via compound interest.
(4) Collection will be done only office working days in a month.
(5) Defaulters will be charged at the rate Rs. 2% per month per instalment.
(6) Members can premature this deposit as per following rules:-
* DD for 90 to 360 Days:- The member can not permitted prematurity.
* DD For 540 to 720 Days:- The member can get prematurity after 360 days.
* DD For 1080 Days:- The member can get prematurity after 540 days.
* 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.