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Adarsh 18 Month Term Deposite

The Adarsh 18 is a Term Deposit Product exclusively available for members of Adarsh Credit Co-operative Society Ltd. only. It gives maturity amount of ₹ 5,850 on every investment of ₹ 5,000 after 18 months.

Product TypeTerm Deposit
EligibilityApplicant must be a member of the society
Minimum Deposit Amount₹ 5,000 and further in multiple of ₹ 100
Maturity Value₹ 5,850 on every ₹ 5,000 invested
Duration18 months
Premature Payment FacilityNot Available
Nomination FacilityAvailable
Loan FacilityMaximum of 60% against Deposit Amount
*Interest rate should be applicable as per Society’s Terms & Conditions in the Loan facility-term deposit section.

*Effective from May 03, 2017


What is the tenure of Adarsh 18 Deposit Scheme?

The tenure of Adarsh 18 product is 18 months.

What is the minimum investment amount for Adarsh 18?

The minimum amount of investment is Rs. 5,000 for Adarsh 18 and after that, one can invest in multiples of Rs. 100 in this product.

How much interest can a member earn in Adarsh 18?

The interest rate of the product is approximately 10.60% (Quarterly Compound). This is an Adarsh Special Scheme where a member can get maturity of Rs. 5,850 on an investment of Rs. 5,000.

Is there any facility for prematurity in Adarsh 18?

No! Prematurity is not allowed in this product.

Is there any facility for loan in Adarsh 18?

Yes! Loan facility is available against Adarsh 18. Members can avail maximum 60% loan against their investment amount in Adarsh 18. Interest rate will be applicable as per rules of the Society.