Highest Interest on Savings Account & Other Deposit Schemes at Samridh Bharat

Savings accounts stand as pillars of financial stability and empowerment for individuals striving towards financial independence. These versatile financial instruments provide a secure avenue for storing and growing savings. This offers peace of mind and flexibility in managing personal finances. For common men and women, savings accounts serve as essential tools to cultivate disciplined saving habits and accumulate funds for emergencies or future aspirations. While traditional savings bank accounts earn you modest interest, a Savings Account in a state cooperative society offers much higher interest. Savings and other deposit schemes at these societies also help society members with strategic planning for life goals. Stay with us to learn about the Highest Interest on Savings Accounts and other deposit schemes offered by Samridh Bharat.

About Samridh Bharat Cooperative Society

Samridh Bharat Cooperative (Urban) Thrift & Credit Society Ltd. is registered under the Delhi Cooperative Societies (DCS) Act 2003 with registration number 10844. We have our Corporate Office situated at 161, A/9, 2nd Floor, Car Market, Kishangarh, Vasant Kunj, Near Ambience Tower Ln, Above Union Bank, New Delhi, Delhi, 110070.

Committed to transparency and compliance, we adhere strictly to all guidelines, rules, and bye-laws registered at the Office of the Registrar Cooperative Societies, located at J6G7+5CJ, Sansad Marg, Old Court Building, Janpath, New Delhi, Delhi 110001. We prioritize our members’ interests by offering the best interest rates on their deposits. We also ensure regular audits are conducted by chartered accountants appointed by the registrar’s office.

Public & Private Banks Vs. Cooperative Thrift & Credit Society

Here are the key differences between the mainstream private and public sector banks and the Samridh Bharat Cooperative Thrift & Credit Society.

1. Interest Rates: Banks typically offer lower interest rates on savings accounts, fixed deposits, etc., influenced by national policies. In contrast, Samridh Bharat currently offers the highest interest rates on savings accounts at 7% annually on savings accounts, FDs, and other deposit schemes, surpassing banks.
2. Accessibility of Services: Banks and cooperative societies offer a range of financial services including savings, loans, and investments. However, accessing services in banks involves rigorous documentation and formalities. As a member of Samridh Bharat, accessing services is streamlined once basic requirements are met.
3. Loan Facility: Obtaining loans from banks requires high CIBIL scores, extensive documentation, and collateral. In contrast, Samridh Bharat offers accessible loans to members who meet basic requirements like regular CD deposits starting from as low as INR 200 per month.
4. Ownership and Governance: Banks are shareholder-owned with governance by boards and regulatory bodies. In contrast, Samridh Bharat operates under a cooperative model where members have ownership and voting rights, ensuring democratic governance that prioritizes member interests.
5. Regulation: Banks are regulated by central authorities such as the RBI, while cooperative societies follow specific cooperative laws. Members of societies have more influence over policies and regulations than banks, where depositors have no control.
6. Community Focus: Banks typically serve broad demographics without direct community focus. Samridh Bharat is aimed at community welfare with initiatives like education and women empowerment, benefiting members and the community at large.

Savings & Other Types of Deposits at Samridh Bharat Society

At Samridh Bharat Cooperative Thrift & Credit Society, we offer the following types of deposit schemes:

Savings Deposit (Optional Deposit):

If you have some cash spare, you can take advantage of our savings deposit plan. We provide the highest interest on savings accounts. Here, you can get an attractive 7% annual interest on your deposits, which is higher than most private or public banks.

Fixed Deposit (FD):

We provide high-interest Fixed Deposit schemes. You can start a fixed deposit with just INR 5000 and earn the highest interest rates in the range of 10.5% – 12.25% per annum.

Select the plan that aligns with your financial goals and get lucrative returns on your investments. If you are looking to maximize your earnings with an FD plan, Samridh Bharat’s FD schemes are the way to go.

Recurring Deposit (RD):

Looking to save regularly but finding it challenging to set aside a large sum at once? Our Recurring Deposit (RD) scheme is tailored just for you. It allows you to start saving manageable amounts every month, making financial planning easier and more accessible.

The beauty of our RD scheme lies in its flexibility. You can begin with as little as INR 500 per month and increase in multiples of INR 100. You can also choose the deposit duration from a minimum of one year to three years or more.

Monthly Income Scheme (MIS):

Discover a smarter way to safeguard your savings and beat inflation with Samridh Bharat.

Did you know that your money could be losing over 6% of its value annually? Take charge of your finances by earning up to 12.25% annual interest on our Monthly Income Scheme (MIS). This scheme also helps you receive regular monthly payouts of the interest earned, providing a steady income stream.

Starting with just INR 5000, you can invest in multiples of INR 100, with no upper limit on the maximum deposit amount.

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.

Take charge of your personal finances by earning the Highest Interest on Savings Account or choose a more advanced deposit scheme. The best thing is that you can withdraw your deposits even before maturity and still get the applicable interest.

Become a member of the Samridh Bharat Cooperative Society and start a deposit scheme that best suits your needs. Call 9667837771 or WhatsApp 9667847771 to learn more.