Sahyog Schemes

Sahyog Gullak Scheme

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two Latest Photographs
  2. Proof of Residence (Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 12 Months 24 Months 36 Months
Frequency of transaction Monthly Monthly Monthly
Rate of Interest 7.00% 8.00% 9.00%
Interest payable Monthly Compounding Monthly Compounding Monthly Compounding

Terms & Conditions:

  1. Gullak intial deposit will be Rs. 300 Minimum.
  2. Gullak Charges Rs. 140/- (Rs. 100 for Gullak & Rs. 40/- for Membership) to be deposited.
  3. Premature withdrawal is applicable only after three years.
  4. Irregular Account will be charged @2% Per Month.
    5. Note: The Commencement of Investment will take place on the day of approval of the application from which may take 7-10 Working days.

Sahyog Monthly Income (MIS)

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two latest photographs
  2. Proof of Residence(Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 1 Year 2 Year 3 Year 3 Year 4 months
Frequency of transaction One Time Deposit One Time Deposit One Time Deposit One Time Deposit
Rate of Interest 09.00% 09.50% 10.50% 12.00%
Installment Payable Monthly Monthly Monthly Monthly

Terms & Conditions:

  1. MIS would start with Rs. 10000 and with it's multiples.
  2. All Monthly Income Schemes will attract a simple rate of interest.
  3. No Premature withdrawl allowed in MIS.
 

Sahyog Special bond

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two latest photographs
  2. Proof of Residence(Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 15 Months 18 Months 21 Months 6 Year (Double Bond)
Frequency of transaction One Time Deposit One Time Deposit One Time Deposit One Time Deposit
Rate of Interest 9.6% 10.66% 12.00% 12.25% (Compunded Interest)
Installment Payable On Maturity On Maturity On Maturity On Maturity

Terms & Conditions:

  1. Opening of Recurring account with minimum of Rs. 300 and further in multiple of Rs. 100
  2. Interest calculation monthly compounding.
  3. Defaulters will be charged at the rate of 2% per month per installment with a maximum period of three months. After this the total deposit will be inoperative and no interest will be given to member.
  4. The monthly deposit of installment will attract a grace period of 5 working days, after which the RD will be counted as an irregular account and will attract an extra charge as mentioned above.
  5. The amount of maturity will be paid after one month of the last installment has been paid or the date of payment whichever is later.
  6. The facility of premature payment is not available for irregular accounts. Even if one installment is not paid, the account will be considered as irregular account. On receipt of all the due installments, it will come under the category of a regular account.

Note :

  1. Customer will have to pay minimum 12 installments in a period of 12 months, failure to which he/she shell not be eligible to claim even his/her principle amount.
  2. The commencement of Investment will take place on the day of approval of the application form which may take 7-10 working days.

Premature Terms and Conditions : :

  1. 36Months – No Premature withdrawal is allowed upto 36 months.
  2. 60 Months – Premature withdrawal is allowed only after completion of 36 months where an investor will attract only a simple ROI @ 5% p.a.
  3. 72 Months – Premature withdrawal is allowed only after completion of 36 months where an investor will attract only a simple ROI @ 6% p.a.

Sahyog Recurring Deposit

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two latest photographs
  2. Proof of Residence(Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 1 Year 2 Year 3 Year
Frequency of transaction Monthly Monthly Monthly
Rate of Interest 9.00% 9.50% 10.00%
Installment Payable Quaterly compunded Quaterly compunded Quaterly compunded

Terms & Conditions:

  1. Opening of Recurring account with minimum of Rs. 300 and further in multiple of Rs. 100
  2. Interest calculation quaterly compounding.
  3. Defaulters will be charged at the rate of 2% per month per installment with a maximum period of three months. After this the total deposit will be inoperative and no interest will be given to member.
  4. The monthly deposit of installment will attract a grace period of 5 working days, after which the RD will be counted as an irregular account and will attract an extra charge as mentioned above.
  5. The amount of maturity will be paid after one month of the last installment has been paid or the date of payment whichever is later.
  6. The facility of premature payment is not available for irregular accounts. Even if one installment is not paid, the account will be considered as irregular account. On receipt of all the due installments, it will come under the category of a regular account.

Note :

  1. Customer will have to pay minimum 12 installments in a period of 12 months, failure to which he/she shell not be eligible to claim even his/her principle amount.
  2. The commencement of Investment will take place on the day of approval of the application form which may take 7-10 working days.

Premature Terms and Conditions : :

  1. 36Months – No Premature withdrawal is allowed upto 36 months.
  2. 60 Months – Premature withdrawal is allowed only after completion of 36 months where an investor will attract only a simple ROI @ 5% p.a.
  3. 72 Months – Premature withdrawal is allowed only after completion of 36 months where an investor will attract only a simple ROI @ 6% p.a.

Sahyog Fixed Deposit

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two latest photographs
  2. Proof of Residence (Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 6 Month 9 Month 1 Year 2 Year 3 Year
Frequency of transaction One Time Deposit One Time Deposit One Time Deposit One Time Deposit One Time Deposit
Rate of interest 7.00% 8.00% 9.00% 10.50% 10.75%
Interest payable On Maturity On Maturity On Maturity On Maturity On Maturity
Note : Special rate of int is applicable in case of Age 50 Years and above, Ladies, Physically challenged, Members of armed forces, Defense persons, Employee of any co-operative establishments, Local bodies, Trust.

Terms & Conditions:

  1. Minimum Fixed Deposit would start with Rs. 5000 and thereafter in multiple of Rs. 100/-.
  2. All Fixed Deposits will attract a simple rate of interest.

Note:

  1. The commencement of Investment will take place on the day of approval of the application form which may take 7-10 working days.

Sahyog Daily Deposit

Who can become a member?

An individual residing in India, above 18 years of age is eligible become a member with Sahyog Credit
Requirements:

  1. Two latest photographs
  2. Proof of Residence (Passport, Driving License, Ration Card, Voters Card, Electricity Bill, Aadhar Card etc.)
  3. Photo Identity Proof
  4. Membership Fees of Rs 110/-
Particular Terms
Period 12 Months 16 Months 24 Months
Frequency of transaction Daily Daily Daily
Rate of Interest 7.00% 9.00% 8.00%
Interest payable Monthly Compounding Monthly Compounding Monthly Compounding

Terms & Conditions:

  1. Intial deposit will be Rs. 50 minimum.
  2. Loan against deposit will be available after one year of 50% total deposit amount