Fixed Deposit (FD)
A Fixed Deposit (FD) is a secure and dependable investment option that allows members to deposit a lump sum amount for a fixed period and earn assured returns. It is designed for individuals and institutions who wish to grow their savings with stability and predictable income.
At RashtrakutaSouharda Co-operative Society Limited, Fixed Deposits offer members a reliable way to invest surplus funds while benefiting from competitive interest rates and flexible tenure options. This deposit scheme is suitable for members who want to preserve their capital while earning steady returns over a chosen period.
Fixed Deposits provide financial security and disciplined savings, making them an ideal choice for long-term financial planning, retirement savings, and future commitments such as education or family needs.
Fixed Deposit Interest Rates
Secure your future with high-return Fixed Deposit schemes offering flexible tenure options and attractive interest rates.
Fixed Deposit Interest Rates
| Time Period | Interest Rate | Special Interest |
|---|---|---|
| 3 Month | 7.00% | 7.50% |
| 6 Month | 8.00% | 8.50% |
| 9 Month | 9.00% | 9.50% |
| 1 Year | 11.00% | 11.50% |
| 2 Year | 11.50% | 12.00% |
| 3 Year | 12.00% | 12.50% |
| 4 Year | 12.50% | 13.00% |
| 5 Year | 12.50% | 13.00% |
| 6 Year | 13.00% | 13.50% |
Terms & Conditions
Special interest rates are applicable for senior citizens, women above 51 years, disabled soldiers, government employees, bank employees, and retired employees as per society norms.
Fixed Deposit Highlights
- Safe and reliable investment option for members
- Attractive interest rates based on deposit tenure
- Flexible deposit periods to suit different financial goals
- Option to receive interest monthly, quarterly, half-yearly, or at maturity
- Nomination facility available for added security
- Loan or overdraft facility available against the deposit (as per society rules)
- Additional interest benefits for senior citizens (as applicable)
Fixed Deposits generally allow members to invest a lump sum amount for a defined period and receive assured returns depending on the tenure chosen.
Eligibility
Fixed Deposits may be opened by:
- Individual members
- Joint account holders
- Minors through guardian
- Hindu Undivided Families (HUF)
- Partnership firms
- Companies and institutions
- Trusts, associations, and cooperative organizations
Such deposits are designed to accommodate both individual and institutional members who wish to invest their savings securely.
| Deposit Amount & Tenure | |
|---|---|
| Minimum deposit amount: | Rs. 2000/- |
| Maximum | No specific upper limit (Subject to policy) |
| Tenure Options | Short-term, Medium-term, and Long-term deposits available. |
Loan Against Fixed Deposit
Available with margins based on the residuary period (from loan date to maturity date):
| Residuary Period of Deposit | Margin | Amount of Loan |
|---|---|---|
| Less than One year | 10% | 90% of Deposit Value |
| One year to Less than Two years | 15% | 85% of Deposit Value |
| Above Two years | 25% | 75% of Deposit Value |
The rate of interest chargeable on the Loans shall be 2% more than the rate of interest payable on the term deposits for General Public & 1% More in case of for Senior Citizen. Maximum period 1 year/ 12 months for Over Draft Facility against term deposits
Nomination Facility
Nomination facility is available for Fixed Deposit accounts to ensure that the deposit proceeds can be transferred to the nominee in the event of unforeseen circumstances.
Auto renewal of deposit
Deposit shall be renewed automatically for a similar period on the date of maturity at the rate of interest applicable for the period as on the date of maturity, in the absence of any renewal instructions well in advance.
Overdue deposits
If a Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured Term Deposit, whichever is lower or as per RBI guidelines charges from time to time.
Interest Rates
Interest rates on Fixed Deposits are determined based on the deposit tenure and prevailing policies of the society. Members are advised to refer to the Interest Rates page or contact the branch for the latest rates.