Palakkad District Police Department
Employees Co-operative Society Ltd. No.P.1021
Class-1
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 From | Duration To | Interest Rates | |
---|---|---|---|
Normal | Senior 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.
Amount | 1 year | 2 years | 3 years | 4 years | 5 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 |