Recurring Deposit

Easy payments month on month will help
you to achieve your life goals

Recurring Deposit

Easy payments month on month will help you to achieve your life goals

As a singer, I am happy to see my monthly savings grow with good returns. Thanks to the friendly service at Gnanashale.
Geetha Heblikar
  • Features

    Attractive Interest Rates from 9% p.a. to 10% p.a.

    GnanaFlexi - Easy overdraft facilities on the RD amount paid at just 2% higher*

    No TDS on interest earned

    Term of deposit can start from 1 year up to 10 years

    Paying options are easy from your Savings Account

    Minimum deposit amount should be Rs. 500

    Nomination facility is available

    Disclaimer: : *Conditions apply. Overdraft up to 80% available on the RD amount paid.

  • Term Rate Of Interest Per Annum
    3 years & above
    10%
    2 years
    9.5%
    1 years
    9%

    *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, the rate of interest will be calculated as per the table above

    Ex 1: Suppose customer did a RD for 1 year, the rate of interest is 9% p.a. After some months,If customer gives request for pre-closure, the interest will be calculated as 5% p.a. (normal savings interest rate).

    Ex 2: Suppose customer did a RD for 2 years, the rate of interest is 9.5% p.a. After 1 year,If customer gives request for pre-closure, the interest will be calculated as 9%p.a.

  • 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)

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  • GnanaFlexi – Easy overdraft facilities at just 2% higher

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  • 100% utilized for SAFE micro-finance
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  • Attractive interest rates upto 7.25% per annum
  • 100% utilized for SAFE micro-finance
  • Easy transfer to your individual account on request*

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Saturday: 9:30 AM to 1:30 PM

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