Loan Against Fixed Deposit

The Loan Against Fixed Deposit is also granted to the members up to 80% of the Fixed Deposit (Principal) Amount.

The Rate of interest on such loan is at the rate of interest of the ordinary loan subject to such rate shall not be less than the rate of interest on respective FDR.

The member has the facility to refund such loan in onetime payment (lump sum) to the society.

Further no recovery of loan on FDR account is raised through the society monthly demand dues.

On maturity of such FD’s against which the loan was sanctioned the loan outstanding along with the interest recoverable, is adjusted against such FDR maturity amount and the balance is refunded to the members.

Our Services

Daminee RD

Emergency Loan

Fixed Deposit

Short Term Fixed Deposit