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
WRD-25/M-6 5.5 2565
WRD-50/M-12 6.25 5300
WRD-75/M-18 7.5 8324
WRD-100/M-24 8.25 11647
WRD-150/M-36 8.5 18980
WRD-200/M-48 8.75 27614
WRD-250/M-60 9 37833
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.