Group Deposit
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Group Deposit Scheme:-
Group deposit scheme is the advanced form of traditional “chitty”. This scheme helps to increase the savings habit among the members. Payyoli SCB offers different schemes to the members. We impose a commission on chitty at the rate of 5% of sala. The auction of GDS holds every month at the main branch. The maximum auction amount is 30% of sala. We accept Gold, Salary Certificate, Land and Properties, fixed deposit receipt, personal guarantee etc as security for GDS advance. Nomination facility available on this scheme
|
No. |
Schemes |
Duration |
Amount Payable |
|
1 |
1 Lakh |
25 Months |
4000 |
|
2 |
1 Lakh |
20 Months |
5000 |
|
3 |
1.5 Lakh |
30 Months |
5000 |
|
4 |
50000 Thousand |
25 Months |
2000 |