Fixed Deposit

   

Fixed deposit schemes are the unique feature of the MUTUALLY AIDED CO-OERATIVE SOCIETY (MACS). Depending upon the period, our various fixed Deposit products helps you to get the best out of your savings by offering you good interest rates.  Enjoy both security and competitive rates of interest on your deposits with any one of the following products. 

 

  • The Account holder must become a share holder of the society.

 

Short Term Deposit:

 

    A scheme for high return on your savings even for a short period less than 12 months. An ideal option for all savings to meet your requirements. Option for withdrawal deposit in case of need is open and the payment of interest is 1 % less than the contractual rate at the time of Pre-payment. 

 

  • Nomination facility in available

 

 

Fixed Deposit:

 

    The Deposits invested for a period more than 12 months is called the fixed deposits. Enjoy an increasing rate of interest with longer periods of deposits. Your money remains safe and secure with an option of easy liquidity.

 

Special Deposits Schemes:

 

MONEY MULTIPLIER SCHEME:

Features: 

 

  • Your valuable money is double
  • Min. amount of deposit Rs.10,000/-
  • Max. Period is  77 months
  • Withdrawal of deposit before due date is acceptable.
  • On pre-matured withdrawal of deposit interest will be calculated @ 2% below the rate applicable for the period of deposit.
  • Nomination facility in available

 

REALITY FUND SCHEME:

Features: 

 

  • Amazing rate of interest @ 16%
  • Min. deposit Rs.10,000/-
  • Deposit period must be above 5 years
  • Withdrawal of deposit before maturity is acceptable
  • Automatic renewal of deposits after matured date will be done without any loss of interest.
  • One pre matured withdrawal of deposit interest will be calculated @ 2% below the rate applicable for the period of deposit.

 

SNEHA GOLD SCHEMES:

 

Features: 

 

  • If any individual pays Rs.400/- for 50 weeks, He will get a gold coin worth of Rs.21,600/- 

 

Documents Required:

 

  • Passport size photograph
  • Proof of residency
  • Identity proof

 

Monthly income plan:

 

     The monthly income plan is designed for those individuals who regularly need money to supplement their income as monthly basis. Interest earned on your deposit becomes another source of income.

 

Terms and Conditions: 

 

  • Deposit account can be opened with a minimum of Rs.1000/-
  • Min. Period 12 months
  • Max. Period 120 months
  • Interest will be paid on monthly basic at a discounted rate.
  • On pre matured withdrawal of deposit interest will be calculated @  1% below the rate applicable for the period of deposit.

 

Key Benefits: 

 

  • Provides you the comfort of liquidity along with a security of your money being in safe hands
  • An Additional interest 0.50% for Sr.Citizens
  • Nomination facility available
  • No TDS is deducted
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