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The Adarsh Triple Scheme is a Term Deposit Product exclusively available for Adarsh Credit Co-operative Society Ltd. members only. It gives maturity of three times of the investment amount after 120 months.

Product TypeTerm Deposit
EligibilityApplicant must be a member of the society
Minimum Deposit Amount₹ 500 and further in multiple of ₹ 100
Maturity Value₹ 3,000 on every ₹ 1,000 invested
Duration120 months (10 years)
Premature Payment FacilityNot Available up to 5 years, After 5 years with 3% Simple Interest
Nomination FacilityAvailable
Loan FacilityAvailable after 4 years, Maximum of 50% against deposit amount after 4 years,
Maximum of 60% against deposit amount after 5 years, interest rates applicable as per Society’s Terms & Conditions

*Effective from Jan 01, 2017

FAQs

What is the tenure of Adarsh Triple?

The tenure of Adarsh Triple is 120 months.

What is the minimum investment amount for Adarsh Triple?

The minimum amount of investment is Rs. 500 for Adarsh Triple and after that, one can invest in multiples of Rs. 100 in this product.

How much interest can a member earn in Adarsh Triple?

The interest rate of the product is approximately 11.14% (Quarterly Compound). This is an Adarsh Special Scheme where members can get three times maturity on their investment amount.

Is there any facility for prematurity in Adarsh Triple?

Members can premature this deposit as per followings rules:

  • <=60 months → Prematurity facility not available
  • >60 to 75 months → Member will get Rs. 130 on investment of Rs. 100
  • >75 to 90 months → Member will get Rs. 160 on investment of Rs. 100
  • >90 to 105 months → Member will get Rs. 200 on investment of Rs. 100
  • >105 months → Member will get Rs. 240 on investment of Rs. 100

Is there any facility for loan in Adarsh Triple?

Yes! Loan facility is available against Adarsh Triple as per following rules:

  • < 48 months → Loan facility not available
  • > 48 to 60 months → Member can avail maximum 50% loan against their investment amount in Adarsh Triple. Interest rate will be applicable as per rules of the Society.
  • > 60 months → Member can avail maximum 60% loan against their investment amount in Adarsh Triple. Interest rate will be applicable as per rules of the Society.