Long Term Ragular Savings
The savings scheme requires members to contribute a monthly amount ranging from Rs100 to Rs2000, with a competitive 10% annual interest rate. Interest is compounded every six months, enhancing the growth potential of the accumulated savings. Members commit to regular contributions over an extended period, benefiting from the compounding effect that significantly boosts their savings. This scheme encourages disciplined saving while providing an opportunity for capital appreciation through compound interest.
The savings scheme entails a monthly contribution of Rs300 to Rs5000, featuring an 8% annual interest rate compounded every six months. In addition to the interest, members receive complimentary accidental insurance coverage up to Rs 1 lakh. This scheme not only promotes systematic savings with an attractive interest rate but also offers a valuable layer of financial protection through the included accidental insurance, further enhancing the overall benefits for its members.
This pension savings plan begins with a monthly contribution of Rs 1000 for a duration of 12 years. Upon completing this period, participants become eligible to receive a consistent monthly pension of Rs 1500 for as long as their savings remain within our cooperative. This structured scheme is designed to provide financial security during retirement, offering a reliable and fixed income stream to members. The stability and longevity of the payout aim to meet the long-term financial needs of participants, making it a robust choice for those planning for a secure and comfortable retirement.
