• If you opt for Monthly interest pay-out, then you will get 9.5% p.a.
• If you opt for Quarterly interest pay-out, then you will get 9.75% p.a.

* Conditions apply. 0.50% p.a. extra for senior citizens/physically challenged/ex-service men/widow/single parent(woman).

Terms of Pre-closure:

In case of pre-closure (monthly & quarterly interest payout), the rate of interest will be calculated as per the table above and the extra interest paid will be deducted from the FD amount.

Ex: Suppose customer did a FD for 1 year, the rate of interest is 9% p.a. (monthly interest payout). After sum days, he came and gave a request for pre-closure, the interest will be calculated as 5% p.a. and the extra interest paid will be deducted from the FD amount.

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

• Resident Individuals / Sole Proprietorship Concern

  1. Copy of the PAN Card
  2.  Identity Proof: Voter ID Card / Passport / Aadhaar
  3.  Address Proof: Rental Agreement Copy / Aadhaar / Voter ID card
  4. Two latest passport photographs

• Trusts

  1. Copy of the Trust Deed
  2.  Copy of the PAN Card
  3.  Copy of the Registration Certificate
  4.  Copy of the Resolution of The Trustees
  5.  Authorization letter for the trustees concerned to open and operate the account
  6.  Photographs of the trustees operating the account

• Associations

  1.  By-laws of the Association
  2.  Copy of the Resolution by the board authorizing the members concerned to open and operate the account
  3.  Photographs of the members operating the account

• Partnerships / Limited liability partnerships

  1. Partnership Deed
  2.  Letter from partners approving the persons concerned to open and operate the account
  3. Copy of the PAN Card
  4.  Photographs of the persons operating the account

• Public / Private Limited Companies

  1.  Board Resolution / Authority Letter
  2.  Memorandum & Articles of Association
  3.  Certificate of Incorporation
  4.  Certificate of Commencement of Business (Public Limited Company)
  5.  Copy of the PAN Card
  6.  Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
  7.  Governing Act / Rules and Regulations(PSUs) (certified true copy)