Savings Account

NavaShakthi Souhardha Credit Co-Operative Limited allows the members and customers to create savings accounts for secured deposits and withdrawal of money provided a high rate of interest on the funds entrusted by the account holders. The savings account will attract 7% interest P.A. which will be credited half-yearly.

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Terms and Conditions

An interest of 7% P.A. will be paid on deposits quarterly or half-yearly.
No deduction of TDS shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited.
Customers should maintain a minimum balance of Rs. 250 in the Savings Account.
NavaShakthi Souhardha Credit Co-Operative Limited does not have any restrictions on withdrawals.
Money remittance is allowed up to 2 lakhs per day per person.
In case of the death of the customer, the account will be automatically transferred to Nominee as per the mandate.