Welcome to United Multi State Credit Co-Operative Society Ltd. A Multistate Credit Cooperative Society Registered with Central Register, New Delhi under Multistate Cooperative Society Act-2002 and doing finance business amoung its members.
RECURRING DEPOSIT PLAN
| FDP TERM | AMOUNT | INTEREST RATE | COMMISSION | COLLECTION CHARGES | MATURITY |
|---|---|---|---|---|---|
| 12 Month | 100 | 7% | 1% | 1% | |
| 24 Month | 100 | 7.25% | 1.50% | 2% | |
| 36 Month | 100 | 10 | 4213 | ||
| 48 Month | 100 | 10.5 | 5985 | ||
| 60 Month | 100 | 8.00% | 2% | 4% | |
| 72 Month | 100 | 12 | 10575 |
TERM & CONDITIONS:
1. Recurring account can be opened with minimum Rs. 500 and further in multiple of Rs. 100.
2. Interest will be calculated monthly via compound interest.
3. Defaulters will be charged at the rate Rs. 2% per month per instalment.
4. The amount on maturity will be paid one month after the last instalment has been paid or the date of payment whichever is later.
5. LOAN FACILITY:
• 12 months deposits scheme: Not available
• 24 months deposits scheme: After receipt of 12 instalments 80 percent loan of total deposit amount. 6. Rate of Interest on loan against deposits would be charged 5% higher than applicable rate of interest.
