Double Deposits provide a higher yield on the principal at the end of the stipulated period.
Features of Double Deposit
The certain amount should keep for specific period which get double at the time of maturity.
- Depositing amount for fixed period
- Period of deposit is minimum 89 Months
- Repayment with interest on maturity date
- Loan can be granted on the accumulated deposit amount
Information
The Double Deposit Scheme from Shivsahyadri Sahakari Patpedhi Ltd. is a scheme that accepts only cumulative deposits, which reach maturity once the amount deposited has been effectively doubled – in 89 months
Interest rate prevailing for the Deposit period / scheme
89 Months @9.5%
Documents Required
| Documents | Requirements |
| Documents required for NEW customers | 2 Photographs (Passport size) |
| Xerox copies of the following. Bring originals for verification | PAN – Permanent Account No. allotted by Income Tax Authority |
| Residential Proof ( Any one or more ) | Ration Card Passport Electricity Bill |
| Photo Identification Proof | Passport Election Identity Card Office Identity Card Driving License |