Recurring Deposit Scheme:- Wishvaas Multistate Credit Co-operative Society Ltd.
The object of recurring deposits is to provide an opportunity to build up savings through regular monthly deposits of fixed sum over a fixed period of time. Whatever your financial goals you can aim to achieve them with our Recurring Deposit Accounts. Set aside a small amount every month and earn interest on the whole amount
Wishvaas Recurring deposit (W.R.D.)
Who can Invest Only Member of Wishvaas Multistate Credit Co-operative Society.
How to Invest A) On cash counter.
B) Through our representatives
Min. & Max. instalment Minimum Rs. 100/- & multiple of 10 with no limit for Maximum
Premature Withdrawal Applicable with discounted rate of Interest.
Nomination Available
Loan Facility Applicable
T.D.S. No
Interest Rate Detailed below (Changeable from time to time)
Requirements 1.Duly filled A/c opening form
2.Three photos
3. Address proof. (Ration card)
4. Photo proof.
Introduction 1. By Existing A/c Holder
2. By Share Holder
Features 1. Nomination facility is available.
2. PAYMENT EXCEEDS RS. 20000 AT THE TIME OF MATURITY WILL BE PAID THROUGH A/C OR BY PAY ORDER ONLY.
3. LOAN / OVERDRAFT IS AVAILABLE.
4. 12 MONTHS TO 60 MONTHS
5. 2 % PENALITY ON DEFAULTER INSTALMENT
RECURRING DEPOSIT SCHEMES (General Interest)
Time Period interest rate The maturity amount of Rs 1000 per month Time Prepayment
12 Month 9.5.00 % 12609/- 12 months to pay.
24 Month 10.00 % 26545/- 12 months to pay. 13-18 months, 4% rate of interest 19-24 5% rate of interest payable .
36 Month 10.50 % 42148/- 18 months to pay. 19-29 months 4% rate of interest, 30-36 months 5% rate of interest payable.
48 month 11.00 % 59831/- 24 months to pay. 25-35 months 4% rate of interest 36-48 months 5 % rate of interest payable.
60 month 12.00 % 81104/- 36 months to pay. 5% interest payable up to maturity.
PRE- MATURE PAYMENT
RECURRING DEPOSIT SCHEMES (Special Interest)
TIME PERIOD INTEREST RATE The maturity amount of Rs 1000 per month Time Prepayment
12 Month 10.50 % 12672/- Lock-in- period so, 12 months to pay.
24 Month 11.00 % 26805/- 12 months to pay. 13-18 months, 4% rate of interest 19-24 5% rate of interest payable before maturity period.
36 Month 11.50 % 42767/- 18 months to pay. 19-29 months 4% rate of interest, 30-36 months 5% rate of interest payable before the maturity period.
48 month 12.00 % 61015/- 24 months to pay. 25-35 months 4% rate of interest 36-48 months 5 % rate of interest payable before the maturity period.
60 month 12.50 % 82115/- 36 months to pay. 5% interest payable before the maturity period.