Fixed Deposit
A lump-sum deposit for 31 days, 90 days, or 1 year, at a published rate.
A fixed deposit is a one-time deposit kept with the society for a period you choose. Shradha Nagari Sahakari Pat Sanstha Maryadit offers three tenures: 31 days at 10%, 90 days at 10.50%, and 1 year at 11%. The rate on your receipt is the rate for that deposit.
Members use a fixed deposit when they already have a lump sum and want it to earn a stated return until a known date. It is not a savings or pigmy account, and it is not the daily collection scheme. Those accounts have their own pages.
Why members choose this
Published rates
10% for 31 days, 10.50% for 90 days, and 11% for 1 year.
No market risk
The return does not depend on the share market. It follows the society's deposit rate for the tenure you book.
A clear end date
You know the tenure when you open the deposit, from one month to one year.
Branch booking
Open the deposit at the Kotoli branch. The office confirms the amount, nominee, and receipt.
Fixed deposit rates
| Duration | Interest rate |
|---|---|
| 31 days | 10% |
| 90 days | 10.50% |
| 1 year | 11% |
Who it is for
Lump-sum savers
Members who can set aside an amount for the full tenure.
Short-term goals
A 31-day or 90-day deposit when the money is needed again soon.
One-year savers
Members who want the 11% rate and can leave the deposit for a year.
Documents to bring
- Identity proof, such as Aadhaar
- PAN, when the office asks for it
- A passport-size photograph
- Nominee details
Terms and conditions
- The interest rate is the published rate for the tenure you select.
- The deposit runs until the maturity date on the receipt.
- Premature closure, if the society allows it, is done at the branch under the society's rules. Ask before you book if you may need the money early.
- Nomination can be recorded when the deposit is opened.
Frequently asked questions
What fixed deposit tenures does the society offer?
31 days at 10%, 90 days at 10.50%, and 1 year at 11%.
Is this the same as a savings or pigmy account?
No. A fixed deposit is a lump sum for a fixed tenure. Savings, current, and pigmy accounts are separate products.
Can I take the money out before maturity?
Ask the Kotoli branch before you open the deposit. Premature withdrawal, where it is allowed, follows the society's rules.
How do I open a fixed deposit?
Visit the branch on Main Road, Kotoli, or send a message from the contact form. The office will tell you the amount and documents for your deposit.
Related services
Book a fixed deposit at Kotoli
Call the branch or send an enquiry. We will confirm the tenure, the rate, and the documents to bring.
Contact the branch