| Features of this Deposit Scheme: |
| 1 |
This deposit scheme is also a way of taking associate membership . |
| 2 |
Any applicant who is eligible to make a contract and needs the services of the society by paying its first premium may become its member. |
| 3 |
Policy does not lapses for delay in premium deposits. |
| 4 |
After the completion of agreed deposit amount a minimum five years period is taken to double the amount. |
| 5 |
Before six regular premiums applicant cannot claim refunding and only deposited amount will be paid with applicable standard charges. |
| 6 |
Loan against investment is up to 70% of the deposit under terms & conditions determined by the society. |
|
| F.D. Plan ( For General Investor ) |
| Poorvanchal Samridhi Sanchay Yojna (P.S.S.Y.) |
| Interest Rate |
principle amount |
Per Month Interest |
Number of Months |
Total Amount |
After the Year End |
Total Payable Amount |
| 1% |
100000 |
1000 |
12 |
12000 |
1st Year |
112000 |
| 1.25 |
112000 |
1400 |
12 |
16800 |
2nd Year |
128800 |
| 1.50% |
128800 |
1932 |
12 |
23184 |
3rd Year |
151984 |
| 1.50% |
151984 |
2279.76 |
12 |
27357.12 |
4th Year |
179341.1 |
| 1.50% |
179341.1 |
2690.117 |
12 |
32281.4 |
5th Year |
211622.5 |
| 1.50% |
211622.5 |
3174.338 |
12 |
38092.05 |
6th Year |
249714.6 |
| 1.50% |
249714.6 |
3745.719 |
12 |
44948.62 |
7th Year |
294663.2 |
| 1.50% |
294663.2 |
4419.948 |
12 |
53039.38 |
8th Year |
347702.6 |
| 1.50% |
347702.6 |
5215.539 |
12 |
62586.46 |
9th Year |
410289 |
| 1.50% |
410289 |
6154.336 |
12 |
73852.03 |
10th Year |
484141.1 |
| 1.50% |
484141.1 |
7262.116 |
12 |
87145.39 |
11th Year |
571286.5 |
|
| For Senior Citizens |
| Interest Rate |
principle amount |
Per Month Interest |
Number of Months |
Total Amount |
After the Year End |
Total Payable Amount |
| 1% |
100000 |
1000 |
12 |
12000 |
1st Year |
112000 |
| 1.25 |
112000 |
1400 |
12 |
16800 |
2nd Year |
128800 |
| 1.50% |
128800 |
1932 |
12 |
23184 |
3rd Year |
151984 |
| 1.75% |
151984 |
2659.72 |
12 |
31916.64 |
4th Year |
183900.6 |
| 1.75% |
183900.6 |
3218.261 |
12 |
38619.13 |
5th Year |
222519.8 |
| 1.75% |
222519.8 |
3894.096 |
12 |
46729.15 |
6th Year |
269248.9 |
| 1.75% |
269248.9 |
4711.856 |
12 |
56542.27 |
7th Year |
325791.2 |
| 1.75% |
325791.2 |
5701.346 |
12 |
68416.15 |
8th Year |
394207.4 |
| 1.75% |
394207.4 |
6898.629 |
12 |
82783.54 |
9th Year |
476990.9 |
| 1.75% |
476990.9 |
8347.341 |
12 |
100168.1 |
10th Year |
577159 |
| 1.75% |
577159 |
10100.28 |
12 |
121203.4 |
11th Year |
698362.4 |
|
| Features of this Deposit Scheme: |
| 1 |
One may make an F.D. for an maximum period of eleven years and after each year may withdraw his investment. |
| 2 |
Minimum FD Deposit starts from 10 Thousands Only. |
| 3 |
1st year 1% PM interest is given on deposits |
| 4 |
Per year the given % rate increases @ 0.25% up to 1.50% and for senior citizens up to 1.75%. |
| 5 |
One may begin with an (PSSY) R.D. Plan and may convert it into F.D. Plan after each 1st, 2nd, or 3rd Year. |
| 6 |
If before one year withdraws deposit only principle deposit amount will be given and in case of before six months some deductions will be made as decided by the society. |
| Per year you may |
1st Option |
Take your Interest |
| 2nd Option |
Take your Interest and Principle amount and closed the FD |
| 3rd Option |
You may leave both the Interest and Principle amount for next year |
|
