A term deposit is a type of investment scheme wherein you deposit a specific amount for a specific period of time while earning decent interest rates. This helps when you want to invest your money for a short period of time and yet fetch good interest rates. These interest rates vary as per the norms of various financial organisations. At Adarsh Credit Co-operative Society, we offer high term deposit interest rates along with a number of other facilities. Our schemes are designed in a way that you can gain the maximum benefit out of them.
Thus, explore our term deposit schemes as below:
A-3 Deposit Scheme Product
At Adarsh Credit Co-operative Society, we have always strived to provide beneficial investment schemes to our members. One such scheme is the A-3 Deposit Scheme Product. This scheme is a long duration investment scheme which expires after the completion of 3 years. After the expiry of this duration, a person gets one and a half times the total deposit amount. This ensures that you fetch good term deposit interest rates. The minimum amount of deposit is Rs.500 and further one can deposit in multiples of Rs.100. Other facilities like the pre-maturity facility can be availed after a period of 1 year in the scheme. Also, nomination facility and loan facility is available. Further norms are applicable as per the terms and conditions of society.
A-15 Term Deposit Product
A-15 Term Deposit Product is one of the highest term deposit interest rate offering schemes offered by Adarsh Credit Co-operative Society. The minimum amount of investment is Rs.5,000 under this scheme and you will be able to get Rs.5,825 on every investment of Rs.5,000 after the scheme expires. As this scheme is a short tenure investment scheme, the maturity period ends after a period of 15 months. No prematurity facility is available. Nomination facility and loan facility can be availed at your convenience. In the case of availing loan facility, you can avail a loan of up to 60% of the deposited amount.
Adarsh 18 Term Deposit Product
Like our other schemes, Adarsh 18 Term Deposit Product offers decent term deposit interest rates as well. Being a short tenure investment scheme, this scheme is valid for a period of 18 months and hence, enables you to fetch higher returns at the end of a short period. Here, the minimum amount of investment is Rs.5,000 after which money can be invested in multiples of Rs.100. Once the scheme expires, you get Rs.6,200 on every Rs.5,000 you have invested so far. You can’t avail a pre-maturity facility here but you are entitled to avail nomination facility and loan facility. Like the A-15 Term Deposit Product, you can avail a loan up to 60% of your deposited amount.
Hence, visit our Adarsh Credit Co-operative Society and know more about these term deposit schemes. You can also explore our other investment schemes which can help you secure a sound financial future for yourself. So, visit Adarsh Credit Co-operative Society and know more.