Grows the deposit to double after maturity of 110 months
2.
FIXED DEPOSIT
Rate of interest according to the varying duration
DURATION
RATE
15 days to 45 days
4%
46 days to 90 days
4.5%
91 days to 179 days
6%
180 days to 364 days
8%
365 and aboveup to 5 years
9%
*An additional preference of 0.5% rate is given to Senior Citizens deposits
3.
SAVINGS BANK ACCOUNT
Easy withdrawal of any amount without limit and without time limit. 4.5% of interest is given
4.
RECURRING DEPOSIT
More profitable to monthly depositors
They can deposit a fixed amount on each month, should be multiple hundreds and is given in the same interest as in the case of a fixed deposit.
5.
PIGME DEPOSIT
It is a daily collection scheme and is aimed at promoting savings among ordinary people
LOANS:-
Agricultural Loan (Short term loan): This is a short term loan from six months to 1 year with 0% interest.
Long term Housing loan (15 years)
This loan is with 13% interest for amount up to 5 lakhs and 10 lakhs.
Kissan Credit Card – given for a period of 3 years up to an amount of Rs.5,00,000/-
Own fund property loan
Ordinary loan:- for an amount up to Rs.5,00,000/-for a period of five years with 14% interest
Business loan :-Amount up to Rs.25,000/- for a period of one year with daily collection mode at an interest of 13%.
Hire Purchase Loan:- Amount up to Rs.50,000/- for a period of 60 months with 14% interest
Own fund Loan:- Amount up to Rs. 25,000/- for a period of 24 months with 14% interest.
Short term Sewing Machine Loan:- Amount up to Rs. For a period of 24 months with 14% interest.
Gold Loan :- Amount up to 1,00,000/- at 12% interest.
Fixed Deposit Loan :- Loans against deposit, Up to 90 % of the deposits.
Cash Credit Loan :- Amount up to 1,00,000/-for a period of 3 years.
GROUP DEPOSIT & CREDIT SCHEMES:-
Total Sale - 3,5,00,0000/-
New Schemes:-
5000 * 100
5,00000
10000*50
500000
4000*50
200000
4000*25
100000
2000*50
100000
1250*40
50000
2000*25
50000
SPECIAL NAVATI GIFTS TO MEMBERS
Green Card for members who have repaid the amount with punctuality.
5% rebate for goods sold through bank’s centers
Risk fund scheme
Website for easy day today updates.
ONGOING PLANS
No interest Loans
Supply of manures and fertilizers with subsidized rates
Subsidy Bazaar
Neethi Medical Store
Proposed Auditorium ( Plans are underway)
Library at Karapuzha.
OTHER SOCIAL SERVICES CONDUCTED BY BANK :-
Medical Camp
Bank has undertaken a free eye testing camp for all our members and freely supplied needed spectacles and free operations were carried out for the 24 members
AWARDS :-
Continuously awarded the Kottayam Circle Co-operative Union Award for the best Bank for the years 2007 and 2008.
