Palakkad District Police Department

Employees Co-operative Society Ltd. No.P.1021

Class-1

Deposits

Fixed Deposit.

Accepting deposits from all classes of Members with relevant documents.The minimum period for FD is 15 days and maximum two years and above. The rate of interest for FD is fixed from time to time as per the circular of Registrar of Co-operative Societies.

Duration FromDuration ToInterest Rates
NormalSenior Citizen
15 Days 45 Days 6.00 % 6.50 %
46 Days 90 Days 7.00 % 7.50 %
90 Days 179 Days 7.50 % 8.00 %
180 Days 364 Days 8.00 % 8.50 %
12 Month 23 Months 8.50 % 9.00 %
Above 24 Months 8.25 % 8.75 %

Recurring Deposit

Recurring deposit is an attractive scheme for saving. As per the yield pattern.Table, accepting monthly installment of Rs. 500/- and multiples of Rs. 500/- fora minimum period of 1 year and a maximum of 5 years.

Amount1 year2 years3 years4 years5 years
9% 9.5% 10% 10% 10.25%
200 2540 5340 8640 11880 15760
500 6350 13350 21150 29700 39400
1000 12700 26700 42300 59400 78800