I park my monthly savings at GnanaShale SHG Savings a/c since it earns more than a FD elsewhere.
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Features
Attractive Interest Rates up to 5% p.a.
100% utilized for SAFE micro-finance
Free Locker facility for maintaining minimum daily balance of Rs. 1,00,000*
No TDS on interest earned
Zero charges for NEFT/IMPS/RTGS to Customer account only
Third party cheque clearance available, subject to maximum limit#
Nomination facility is available
Disclaimer:
# Maximum cheque amount up to Rs. 49,000
* Conditions apply. -
Term Rate Of Interest Per Annum 2 years 12%12%1 year – Below 2 years11.5%180 days – Below 365 days9%Terms of Pre-closure:
In case of pre-closure, the rate of interest will be calculated as per the table above.
Ex 1: Suppose customer did a SHG FD for 180 days, the rate of interest is 9% p.a. For some reason, after 95 days, he came and gave a request for pre-closure, the interest will be calculated as 5% p.a.
Ex 2: Suppose customer did a SHG FD for 1 year, the rate of interest is 11.5% p.a. For some reason, after 200 days, she came and gave a request for pre-closure, the interest will be calculated as 9% p.a.
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Eligibility
- He should be a shareholding member of GnanaShale Souharda Co-op Ltd. and the standard membership charges apply.
- Member(s) should be a resident of Karnataka only
Available for:
- Individuals
- Sole proprietorships
- Partnerships / Limited liability partnerships
- Private limited companies
- Associations / Trusts
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