Beneficial to all sorts of customers, Group Deposits are an attractive scheme similar to Chit fund schemes proposed by the Bank. Any member of the Bank can join the scheme, as per terms and conditions in the approved subsidiary regulations. Members shall be categorized into different Groups of members and the scheme will be projected for the stipulated term of months. On its maturity, the amount will be refunded to the depositor with Interest. Loan will be issued to members under this scheme up to maximum of 70% of the Group Scheme. Interest will be charged and security should be offered.
| Sala |
Time Period |
Instalment |
Expecting Amount ( 30% discount + Bank Commission ) |
| (Months) |
| 25 Lakhs |
100 |
25000 |
18750 |
| 25 Lakhs |
50 |
50000 |
37500 |
| 15 Lakhs |
100 |
15000 |
11250 |
| 10 Lakhs |
40 |
25000 |
18750 |
| 10 Lakhs |
100 |
10000 |
7500 |
| 5 Lakhs |
40 |
12500 |
9375 |
| 2 Lakhs |
40 |
5000 |
3750 |
| 1 Lakh |
25 |
4000 |
3000 |
| 1 Lakh |
20 |
5,000 |
3,750 |
| 50000 |
25 |
2000 |
1500 |
| 50000 |
20 |
2500 |
1875 |