SHG Fixed Deposits

Twin Powered

  • Earns Handsomely
  • Empowers A Micro-Entrepreneur

SHG Fixed Deposits

Twin Powered

  • Earns Handsomely
  • Empowers A Micro-Entrepreneur
Visited the SHG activities at Holehonnur, was happy to see my money empowering women.
Shriti Navalgund
  • Features

    Attractive Interest Rates up to 12% 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.

  • TermInterest P.A
    2 years 12%
    12%
    1 year – Below 2 years
    11.5%
    180 days – Below 365 days
    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 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.

  • 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)

Related Products

SHG Millennial Recurring Deposit

  • Your 10 years monthly deposit = up to 20 years Pension
  • 100% utilized for SAFE micro-finance
  • GnanaFlexi – Easy overdraft facilities at just 2% higher

SHG Savings

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

Fixed Deposit

  • You can Double your Deposit in just 6 years
  • Attractive interest rates upto 11% per annum
  • GnanaFlexi – Easy overdraft facilities at just 2% higher

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