Deposit schemes
Quarterly FD & RD interest — branch circular
Effective from the start of the quarter as per society board resolution; compounding and TDS rules apply as notified.
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NEWS & Updates
Stay informed with the latest circulars, financial updates, and community initiatives from Nitya Vikas. Discover new deposit schemes and important announcements designed for your financial growth.
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Deposit schemes
Daily deposit (Pigmy) — collection timings
Doorstep and counter collection timings for daily wage earners; holidays as per branch notice.
Deposit schemes
MIS monthly payout — eligibility reminder
Monthly income plan payouts are for eligible members as per scheme terms and KYC completion.
Deposit schemes
Saving account — minimum balance & service
Maintain the minimum balance notified from time to time to avoid service charges on your saving deposit.
Secured loans
Loan against deposit — without premature break
Borrow against your FD/RD as per policy without breaking the deposit, subject to margin and tenure limits.
Deposit schemes
Fixed deposit: tenure, renewal & maturity credit
Choose tenure as per scheme brochure; auto-renewal and payout to registered bank accounts follow society rules.
Deposit schemes
Recurring deposit: missed instalment & regularity
Regular monthly credits build discipline; repeated defaults may affect renewal benefits as per terms.
Secured loans
Business / working capital loan — stock statements
Periodic stock and turnover declarations help monitor working capital limits in a transparent manner.
Deposit schemes
Monthly income scheme: payout date & TDS
Payouts follow a declared calendar; tax deducted at source applies where income crosses notified thresholds.
Secured loans
Mortgage loan: EMI and online calculators
Estimate instalments using the society website calculators before you apply; actual sanction may vary.
Deposit schemes
Why save with a cooperative credit society?
Member-owned institutions focus on service, transparent products, and local governance aligned with member interest.
Deposit schemes
KYC refresh & nominee update — member notice
Keep identity, address and nominee details current to avoid delays in payouts and loan processing.