Deposit Schemes

Pigmy Deposits

Money can be deposited into an account on daily basis. The amount may be as small as Rupees five. It can be called a recurring deposit scheme, as the money is deposited almost daily. Our Society offers multiple deposit schemes for various durations. It offers simple investment Deposits You can make additions to your deposit in multiples.


Interest Rate

Earn 4% p.a. Interest on your pigmy deposits. Nomination facility is available on accounts of individuals.


Saving Deposits

Saving account at Balaji Urban Co. Op. Credit Society Ltd comes with bouquet of facilities at no extra cost to the customers. Individuals and eligible organizations/agencies can open this account with the Bank after completion of KYC formalities. Saving bank ordinary account can be opened with an amount of Rs.500/-. The amount can be withdrawn from saving account by way of withdrawal slip.


Interest Rate

The interest is paid @ 4.00% p.a. on half yearly basis. Nomination facility is available on accounts of individuals. A passbook is issued to the account holder without any cost.


Fixed Deposits

The deposit is accepted for a fixed period chosen by the customer. The minimum period of deposit is 46 days and maximum is 36 months. The periodical interest will be paid Monthly/quarterly/half yearly/yearly as per the choice of customer. At the request of customer the interest will be paid on monthly basis at discounted rate. TDS will be not applicable.


Interest Rate

DurationInterest rate
46 days to 181 days 10%
182 days to 365 days 11%
2 months to 6 month 10%
7 months to 12 months 11%
13 months to 36 months 12%
Above 36 months 11%


For Senior Citizen (age above 60 yrs) 0.50% extra on all above interest rates.

• Monthly MI(Monthly Interest) scheme Invest Rs.100000/- and get Rs.1000/- interest per month.


Balaji Damduppat Scheme

Under the scheme the periodical interest is compounded half yearly and an amount equivalent to double the amount initially deposited by the customer is paid after completion of 72 months.


Balaji Damtippat Scheme

Under the scheme the periodical interest is compounded half yearly and an amount equivalent to triple the amount initially deposited by the customer is paid after completion of 120 months.


Laxmipati Mangal Deposits

Society specially launched this scheme for Society members for their daughter’s marriage expenses. In this scheme society member has to invest only Rs.1,00,000/- by the name of his daughter for 15 years and he will get benefits Rs.5,00,000/- on scheme maturity.


Kuldeepak Deposits

Open an Account singly in the name of the minor under the guidance of a natural or court-appointed guardian. To take the benefits of this scheme guardian has to invest only Rs.1, 00,000/- for 18 years and he will get Rs.7, 00,000/- for provision of minor’s future higher education expenses.


Shubhmangal Deposits

This scheme launched especially for permanent share holder of society against program of “save Child Girl” by the state government In this scheme, society deposits Rs.1550/- by the name of member’s daughter at time of her marriage ceremony. She will get amount Rs.3100/- after 6 years of her marriage from society. . In this scheme no amount required from share holder. Society runs this scheme under ‘member welfare fund’.


Janmamangal Deposits

Society launched this scheme for permenant share holder. In this scheme when girl born to share holder then society give the FDR receipt of Rs.11, 000/- by the joint name of share holder and his child daughter. He will get this amount benefits after 21 year from born date of child daughter. In this scheme no amount required from share holder. This scheme runs under ‘Social Welfare Fund’.


RD (Recurring Deposit)

Balaji Urban Co. Op. Credit Society Ltd. Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time.

Minimum Balance
Deposit a minimum of Rs.100 per month and thereafter, deposit in multiples of 100.

Period of Deposit
Make deposits for a minimum period of 36 months and Maximum tenure of Recurring Deposit would be 75 month.