Deposits
At Samridh Bharat, we are a leading Urban Thrift and Credit Co-Operative Society operating in Delhi. We offer different types of deposit schemes with better interest rates than public and private banks. Our interest rates are lucrative and immune from the ups and downs of traditional markets. All this means is – ‘ more profit ’ and assured ‘peace of mind.’
Different Deposit Schemes at Samridh Bharat are:
Savings Deposit (Optional Deposit)
Got extra cash lying idle? Why not put it to work?
We understand the significance of and encourage saving habits among the common as well as the privileged residents of Delhi. Moreover, we wish that you get the best returns on your hard-earned money. Therefore, we provide you with a lucrative 7% annual interest on your savings, which is way better than the interest provided by all the private and public sector banks in India.
*Get 7% Annual Interest on your Savings/Optional Deposit Account.
Fixed Deposit (FD)
Samridh Bharat offers you a variety of Fixed Deposit schemes, where you can start with INR 5000 and earn a minimum of 10.5% and up to 12.25% interest. Choose a plan that best suits your needs and enjoy lucrative returns on your deposits. Want to earn more? Congrats, you can now! Starting from just INR 5000, you can deposit as much as you can; there is no upper cap on your FD amount.
| Period of Investment | Interest Earned Annually |
|---|---|
| 12 months | 10.5 % |
| 24 months | 11.25% |
| 36 months & above | 12.25% |
Eligibility For Fixed Dposit
Eligibility
- The applicant must be a member of the Society.
Minimum Deposit Amount
- Rs. 5000/- and further in multiples of Rs. 500/-.
Nominee Facility
- Nominee Facility Available.
Loan Facility
- Get a loan of up to 90% of your FD amount.
- Interest rate applicable on such loans will be 2% more than the applicable interest rate on your selected FD plan.
Premature Payment
- You can choose to close your FD before maturity and withdraw your money at any day.*
Special Features
- Higher interest rates than private and public banks.
- Loan of up to 90% of your FD amount (at a rate 2% higher than the interest earned on the FD plan).
- No TDS is applicable on the interest earned on deposits.
Swarnim Bhavishya Yojna
At Samridh Bharat, you can take a small step today to secure your children’s future. Deposit a lumpsum amount today and get ten times the principal amount back after 19 years.
Be it for higher education or the marriage of your child, you can make sure today that you have the required money available when it’s time.
Deposit 1 Lakh today; Get 10 Lakhs after 19 Years!
| Principal | Return (after 19 years) |
|---|---|
| INR 1,00,000 | INR 10,00,000 |
| INR 5,00,000 | INR 50,00,000 |
| INR 10,00,000 | INR 1,00,00,000 (One Crore) |
Eligibility For Swarnim Bhavishya Yojna
Eligibility
- The applicant must be a member of the Society.
- The minor must also have an account in the Society.
Minimum Deposit Amount
- Rs. 10,000/- and further in multiples of Rs. 100/-.
Nominee Facility
- Nominee Facility Available.
Premature Payment
- You can choose to close your Swarnim Bhavishya Yojna before maturity and withdraw your money at any day.*
Special Features
- No TDS is applicable on the interest earned on deposits.
- Offers higher interest rates than mainstream banks.
- Get up to 90% loan on your deposited amount
Recurring Deposit (RD)
We know that saving a larger amount may not always be possible. Our RD scheme is a great option for you to start saving smaller amounts every month.
The best thing is that now, you can save by systemic monthly deposits of a minimum of INR 500 or more in multiples of INR 100 for a tenure of one to three years or more.
| Period of Investment | Interest Earned Annually |
|---|---|
| 12 months | 10.5% |
| 24 months | 11.25% |
| 36 months & above | 12.25% |
Eligibility For Recurring Deposit (RD)
Features
- Minimum Tenure - 12 months
- Interest type - Compound Interest
- Compounding frequency - Annually
Eligibility
- The applicant must be a member of the society. For the society’s membership-related information.
Minimum Deposit Amount
- Rs. 500/- and further in multiple of Rs. 100/-.
Nominee Facility
- Nominee Facility Available.
Premature Payment
- You can choose to close your RD before maturity and withdraw your money at any day.*
Special Features
- No TDS is applicable on the interest earned on deposits.
- Offers higher interest rates than mainstream banks.
Monthly Income Scheme (MIS)
Did you know that your cash is losing its value by more than 6% annually?
Put your money to work and earn an annual interest of up to 12.25%. And it gets even better: With our MIS plan, you receive monthly payouts of your earned interest.
At Samridh Bharat, we provide attractive interest rates on your Fixed Deposit under the Monthly Income Scheme. In this plan, you deposit a lumpsum amount for a particular tenure to get monthly payouts of the interest earned on your deposit. Once the tenure is completed, you can withdraw your initial deposit. The minimum tenure period is twelve (12) months.
You can start with a minimum deposit of INR 5000 and further in multiples of INR 100. There is no upper cap on the maximum deposit amount.
| Period of Investment | Interest Earned Annually |
|---|---|
| 12 months | 10.5% |
| 24 months | 11.25% |
| 36 months & above | 12.25% |
Eligibility For Monthly Income Scheme (MIS)
Features
- Tenure - Minimum 12 months
- Interest Type - Simple Interest
Eligibility
- The applicant must be a member of the society.
Minimum Deposit Amount
- Rs. 5000/- and further in multiple of Rs. 100/-.
*As per the applicable Terms & Conditions of the society.
Nominee Facility
- Nominee Facility Available.
Special Features
- Higher interest rates than private and public banks.
- Interest on the Deposits disbursed monthly as regular payouts.
- Loan of up to 40% of your MIS amount (at a rate 2% higher than the interest earned on the MIS plan).
- No TDS applicable on the interest earned on your deposits.