Deposits

Deposit schemes

Rates shown are effective from 30 June 2022 and are subject to revision by the board. Senior citizens receive an additional 1% on term deposits.

Fixed Deposit — Short Term

4% – 5.5% p.a.

Deposits from 15 days to 180 days for short-term parking of funds.

  • 15 – 45 days: 4% (Senior Citizens 5%)
  • 46 – 90 days: 5% (Senior Citizens 6%)
  • 91 – 180 days: 5.5% (Senior Citizens 6.5%)
  • Interest paid monthly, quarterly, half-yearly, yearly or at maturity
  • Auto-renewal available

Fixed Deposit — Medium Term

7% p.a.

Deposits from 181 days to 365 days with payout on maturity.

  • Senior citizens earn 8% p.a.
  • Loan facility against deposit
  • Nomination facility available
  • Interest paid monthly, quarterly, half-yearly, yearly or at maturity
  • Auto-renewal available

Fixed Deposit — Long Term

8% – 9% p.a.

Deposits of 1 year and above with the highest returns of the society.

  • 1 – 3 years: 8% (Senior Citizens 9%)
  • Above 3 years: 9% (Senior Citizens 10%)
  • Nomination facility available
  • Interest paid monthly, quarterly, half-yearly, yearly or at maturity
  • Auto-renewal available

Double Scheme

As notified by the society

A fixed deposit that grows to double your deposit amount on maturity.

  • Deposit doubles on maturity
  • Doubling period and applicable rate as notified by the society
  • Confirm current terms at any branch
  • Auto-renewal available

Recurring Deposit — Monthly Saving Scheme

10% p.a.

Save a fixed amount every month and earn attractive returns at maturity.

  • 10% p.a. interest rate
  • Monthly instalments as low as ₹100
  • Loan facility against deposite balance

Pigmy Daily Savings Scheme

Deposit small amounts daily through our collection agents and build a disciplined savings habit.

  • Daily collection at your doorstep
  • Withdrawal as per society rules
  • Ideal for small savers and shopkeepers
  • Auto-renewal available

Latest rates

Fixed deposit interest rate chart

TenureGeneral membersSenior citizens
15 Days to 45 Days4%5%
46 Days to 90 Days5%6%
91 Days to 180 Days5.5%6.5%
181 Days to 365 Days7%8%
1 Year to 3 Years8%9%
Above 3 Years9%10%

Interest is paid monthly, quarterly, half-yearly, yearly or at maturity. This applies to all types of fixed deposit.