Co-operative societies are socio­ economic organisation formed for common benefit of the members under the legal provisions of the concerned state.
Aim and objects of the society may be different form society to society.
Main purpose of these societies is socio­ economic development of the weaker section.

A. Compulsory Deposit Rs. 100/¬ per month 05 % p.a.

B. Savings Deposit (Optional) – interest @ 5% p.a.

C. Fixed Deposits

  • 03 to below 06 months – interest @   6% p.a.
  • 06 to below 12 months – interest @   8% p.a. 
  • 12 to below 24 months – interest @   9% p.a.
  • 24 to below 36 months -  interest @ 10% p.a.
  • 36 to below 48 months – interest @ 11% p.a
  • 48 months and above    - interest @ 12% p.a.
  • .5% Extra interest over and above the prescribed rates of interest is allowed to Senior Citizen.

D. Money Multiplier Deposit Scheme (MMDS)

  • Double in 06 years and 6 months 
  • Triple in 09 years 09 Months
  • Five Times in 15 years
  • Ten Times in 20 years and 6 months

 E. Recurring Deposit Scheme.

  • 12 months to below 36 months 09% p.a.
  • 36 months and above              10 % p.a.

 F. Monthly Income Scheme (MIS)

  • 12 to below 24 months  9% p.a.
  • 24 to below 36 months 10% p.a.
  • 36 to below 60 months 11% p.a.
  • 60 months and above   12 % p.a.

G. Penssion Plan

     .  5100/- P.M. Deposit for 10 yrs & Get Rs: 10 Lacs or 10,000/- P.M Penssion

     .  2600/- P.M.  deposit for 10 yrs & Get Rs: 5 Lacs Or  5000/- P.M.Penssion

 Note :-

  1.  The society does not make TDS on the interest paid or credited to its members as it is exempted under Income Tax Act.
  2.  The Interest received by members from the society is taxable under Income Tax Act, if members’ total income exceeds the limit prescribed in the Income Tax Act.

 

Contact Us

Shri Brahmshakti Co-op. Urban Thrift & Credit Society Ltd.
54/1A Teliwara, Shahdara, Delhi-110032
Phone: 011-22303313 Mobile : 9811022071
email : drsksharma@cpbindia.com

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