I park my monthly savings at GnanaShale SHG Savings a/c since it earns more than a FD elsewhere.
Attractive Interest Rates up to 7.5% p.a.
100% utilized for SAFE micro-finance
Free Locker facility for maintaining minimum daily balance of Rs. 1,00,000*
No TDS on interest earned
Zero charges for NEFT/IMPS/RTGS to Customer account only
Third party cheque clearance available, subject to maximum limit#
Nomination facility is available
# Maximum cheque amount up to Rs. 49,000
* Conditions apply.
|Term||Rate Of Interest Per Annum|
2 years 12%
1 year – Below 2 years
180 days – Below 365 days
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.