SMSO Fixed Deposits
Depositors can choose from a wide range of deposit products with maturities ranging from 6 months to 36 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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The revised rate of interest offered on Fixed deposits for different Terms are:
Particulars | Period | Normal Rate | Senior Citizen/ Widow & Ex-Serviceman |
---|---|---|---|
Fixed Deposits | 6 Months | 5.75% p.a. | 6.25% p.a. |
12 Months | 6.50% p.a. | 7.00% p.a. | |
24 Months | 7.00% p.a. | 7.50% p.a. | |
36 Months | 7.10% p.a. | 7.60% p.a. |
* Interest amount is subject to TDS as per provisions of Sec 194 A of the Income Tax Act 1961.