Visited the SHG activities at Holehonnur, was happy to see my money empowering women.
Attractive Interest Rates up to 10% p.a.
100% utilized for SAFE micro-finance
GnanaFlexi - Easy overdraft facilities at just 2% higher*
You can choose your term of deposit
Minimum deposit amount should be Rs. 25,000
Nomination facility is available
Disclaimer: * Overdraft up to 80% of FD amount available.
2 years 12%
1 year – Below 2 years
180 days – Below 365 days
*0.50% p.a. extra for senior citizens/physically challenged/ex-service men/widow/single parent(woman)
In case of pre-closure, the rate of interest will be calculated as per the table above.
Ex 1: Suppose customer did a SHG FD for 180 days, the rate of interest is 9% p.a. For some reason, after 95 days, he came and gave a request for pre-closure, the interest will be calculated as 5% p.a.
Ex 2: Suppose customer did a SHG FD for 1 year, the rate of interest is 11.5% p.a. For some reason, after 200 days, she came and gave a request for pre-closure, the interest will be calculated as 9% p.a.