SMSO Fixed Deposits

Depositors can choose from a wide range of deposit products with maturities ranging from 06 to 24 months at competitive rates of interest and with different features to suit the investment needs of individual Members

  • Attractive & Assured Returns.
  • Impeccable services.
  • A wide range of deposits products to choose.
  • Deposits can be made as “Individual”, “Either (or) Survivor”, “Jointly” and “Anyone (or) Survivor” modes.
  • Quick Loan against Deposit receipt.
  • Monthly interest will be credited to Depositor’s Bank account, if opted (or) to SMSO Savings Account.
  • Nomination Facility Available.

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Deposit interest rate with effect from 1st August 2018
Period Monthly interest
Scheme (Normal)
Monthly interest
Scheme (Seniors)
1 Year 6.75% 7.25%
2 Years 7.25% 7.75%

* Interest amount is subject to TDS as per provisions of Sec 194 A of the Income Tax Act 1961.

Documents required for Opening Fixed Deposits
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
  • Deposit account can be opened in the name of minors and should be operated by a Guardian who should be member of SMSO.
Documents required for Opening Fixed Deposits
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
  • Deposit account can be opened in the name of minors and should be operated by a Guardian who should be member of SMSO.
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