Minimum Deposit is Rs. 100 per month.
Interest is annual compounding.
No TDS shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited.
Recurring Deposits is not transferable.
Pre-closure is allowed subject to the applicable rate of Interest minus 1%.
Depositors can avail a loan against RDs.
In case of the death of the customer, the RD will be automatically transferred to Nominee as per the mandate.
Senior citizens will get 1% extra and 0.5% extra for women depositors (<60 years).
In case of RD Accounts Deposit is greater than Rs. 10,000 per month, RD interest rate is 9.75%.