SHG Savings

With Our Interest, Your Money Really Grows

SHG Savings

With Our Interest, Your Money Really Grows

I park my monthly savings at GnanaShale SHG Savings a/c since it earns more than a FD elsewhere.
Vishweshawara Moodithya
  • Features

    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

    Disclaimer:
    # Maximum cheque amount up to Rs. 49,000
    * Conditions apply.

  • TermRate Of Interest Per Annum
    2 years 12%
    12%
    1 year – Below 2 years
    11.5%
    180 days – Below 365 days
    9%

    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 Fixed Deposit

  • Attractive interest rates upto 12% per annum
  • 100% utilized for SAFE micro-finance
  • GnanaFlexi – Easy overdraft facilities at just 2% higher

Savings

  • Attractive interest rates upto 7% per annum
  • Interest calculated on daily basis

Call Us

For assistance, call +91 80 4212 4421 or +91 944 985 6120
Monday to Friday: 9:30 AM to 5:30 PM
Saturday: 9:30 AM to 1:30 PM

Write to us

Be it an enquiry, feedback or a simple suggestion,
write to us and we will get back to you

Write to us

© 2019 GnanaShale | All Rights Reserved