The most common term of investment where customer gets better returns/interest on their deposits. Bank offers various ranges of schemes in the form of Fixed Deposits where interest is paid to investor at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits.

The Sadhana Sahakari Bank offers following schemes to its customers.

  • Monthly Deposit Scheme(MIC) :
    • Interest amount will be paid Monthly.
    • Interest will be paid credited to the customers Bank Account through by Pay order.
  • Quarterly Deposit Scheme(QIC) :
    • Interest amount will be paid Quarterly.
    • Interest will be paid in credited to the customers Bank Account by Pay order.
  • Half yearly Deposit Scheme(HIC) :
    • Interest amount will be paid Half yearly.
    • Interest will be paid in credited to the customers Bank Account by Pay order.
  • Yearly Interest Deposit Scheme(YIC) :
    • Interest amount will be paid Yearly.
    • Interest will be paid in credited to the customers Bank Account or by Pay order.
Re-Investment Deposit Scheme :-

GENERAL :-
  • Individual/Two or more persons in their joint names.
  • Co-operative Societies, Registered Trust, Institutions and Associations etc
  • By a natural guardian Note for all above schemes :-
  • Rate of Interest will be as per RBI directive & as per Bank policy from time to time.
  • Premature withdrawal of term deposit is allowed subject to prevailing bank rules.
  • Renewal is carried out at the rate of interest prevailing on the date of maturity provided overdue period does not exceed 14 days from the date of maturity.
  • Where a receipt gets matured and overdue period exceeds 14 days, interest would be paid as per interest rate applicable to Savings Bank deposit provided the depositor renews the deposit for a further minimum period as per bank clause. If not renewed then in such case no interest will be paid.
  • Loan against Term Deposit is given immediately as per prevailing rules.
  • TDS is whenever applicable.
*Condition apply.

Fixed Deposit
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Duration Rates from 01-01-2018

Duration Rates
30 Days To 45 Days 5%
46 Days To 90 Days 5.00%
91 Days To 180 Days 5.50%
181 Days To 365 Days OR Upto 12 Months 6.50%
From 366 Days To 15 Months(Simple Interest) 7.50%
From 366 Days To 15 Months(Compound Interest) 7.25%
From 15 Months To 24 Months(Simple Interest) 7.50%
From 15 Months To 24 Months(Compound Interest) 7.25%
From 24 Months To 36 Months(Simple Interest) 7.25%
From 24 Months To 36 Months(Compound Interest) 7.00%
36 Months Above(Simple Interest) 6.90%
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*Condition apply