Monthly Deposit Scheme

Fixed income per month

Monthly Income Deposit Scheme is a convenient and profitable scheme for monthly deposits. You can work towards your financial goals by depositing a fixed amount every month. In this scheme, you get the benefit of regular interest.

This plan is a great way to achieve financial stability and regular returns. Monthly Income Deposit Plan encourages you to save regularly for your future financial needs.

One-time deposit	For 12 months Interest Rate 7.00% Per Month	For 24 months Interest Rate 8.00% Per Month	For 24 months Interest Rate 8.50% Per Month	For 48 months Interest Rate 9.00% Per Month	For 60 months Interest Rate 9.25% Per Month
50,000	292	333	354	375	385
1,00,000	583	667	708	750	771
2,00,000	1,167	1,333	1417	1500	1542
5,00,000	2,917	3,333	3542	3750	3854
10,00,000	5,833	6,667	7083	7500	7708

Monthly Deposit Scheme

One-time deposit	For 12 months Interest Rate 7.00%	For 24 months Interest Rate 8.00%	For 24 months Interest Rate 8.50%
50,000	292	333	354
1,00,000	583	667	708
2,00,000	1,167	1,333	1417
5,00,000	2,917	3,333	3542
10,00,000	5,833	6,667	7083

One-time deposit	For 48 months Interest Rate 9.00%	For 60 months Interest Rate 9.25%
50,000	375	385
1,00,000	750	771
2,00,000	1500	1542
5,00,000	3750	3854
10,00,000	7500	17708

Terms and Conditions

In the Monthly Income Deposit Scheme, a minimum of Rs. 50,000 and a fixed deposit in multiples of Rs. 1,000 can be deposited. The first monthly interest will be paid after 30 days.

If the monthly income deposit is invested for 24 months, the amount cannot be withdrawn for the next 15 months. If the account holder closes the account within 15 months, the interest earned will be deducted from the principal amount. If the amount is withdrawn prematurely, i.e. between 18 months, then only 4.95% annual interest will be earned on it. Similarly, if the amount is withdrawn after 19 months, then only 5% annual interest will be earned on it.

If the monthly income deposit is invested for 36 months, the amount cannot be withdrawn before 18 months. If the amount is withdrawn prematurely, i.e. between 19 and 30 months, then only 4.95% annual interest will be earned on it. Similarly, if the amount is withdrawn after 31 months, then only 5% annual interest will be earned on it.

If the monthly income deposit is invested for 60 months, the amount cannot be withdrawn before 30 months. If the amount is withdrawn prematurely, i.e. between 31 and 48 months, then only 5% annual interest will be earned on it. Similarly, if the amount is withdrawn after 49 months, then only 5.5% annual interest will be earned on it.

All interest paid will be deducted from the principal amount.

The Konark Urban Credit Co-operative Society limited Gondia Karanja.

Fixed income per month

Monthly Deposit Scheme

Monthly Deposit Scheme

Terms and Conditions

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