Member products
Loans & Deposits
Two published numbers. Senior-citizen fixed deposits at 8.75% a year. Member loans at 12% a year. Everything else is confirmed across the Rajkot desk.
Deposits
Put your money to work with us
The society accepts member deposits. The rate we print on our banners — and on this site — is 8.75% a year for senior-citizen fixed deposits.
Other deposit desks
Savings
A running member account for surplus you may need back. Rate and minimums are set at the counter.
Recurring deposit
A fixed sum every month, for a chosen term. Useful for school fees, a wedding, or a shop renovation.
General FD
Term deposits for members who are not senior citizens. Ask the desk for the current slab — we do not invent a number here.
How a fixed deposit works here
- 1.Become a member if you are not already on the register.
- 2.Choose a term and an amount. Senior citizens are booked on the 8.75% advertised slab.
- 3.Interest is applied as per the society’s FD rules (the calculator on this site uses quarterly compounding as a planning estimate).
- 4.Premature withdrawal, nomination and TDS follow the society’s current by-laws — confirm at the desk.
8.75% is the senior-citizen FD rate shown on the society’s own banner. Other schemes and the exact day-count method are confirmed when you book the deposit.
Loans
Member loans at 12% a year
One published rate. No teaser. No “from 12%”. Members borrow at 12% per year. Tenure, security and processing are settled across the desk — not in a dark pattern.
What members typically borrow for
Household & personal
Medical bills, education, a family ceremony, or closing a costlier private loan.
Shop & livelihood
Stock, a sewing machine, a tempo, or a quiet expansion of a family business.
Vehicle
A two-wheeler or a used four-wheeler, with papers the society can take comfort in.
House repair
A roof, a room, or a small extension — not a 20-year housing-bank product.
What you will need
- 1.Active membership on the society register.
- 2.Identity and address papers, and income or business proof as asked.
- 3.A clear purpose and a repayment plan the desk can underwrite.
- 4.Security or surety if the by-laws require it for that amount.
12% a year is the rate given for this site. Sanction, tenure and any charges sit with the managing committee and the current by-laws.