Our Deposits

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Savings Account

SB Account: Money can be deposited / withdraw into an account as per the wish of account holder. SB accounts are opened to encourage by Vaibhav Laxmi Credit Co-Operative Society Limited members to save money and collect their saving.

Sr. No. Main Features Availibility
1. Minimum Deposit 500
2. Nomination Facility Yes
3. Interest Rate 6%
4. SMS Facility Yes

Daily Deposit

Daily Deposit Scheme: Daily Deposit Scheme is a monetary deposit scheme introduced by Vaibhav Laxmi Credit Co-Operative Society Limited to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.

Sr. No. Months Interest
1. 12 Months 7%
2. 18 Months 8%
3. 36 Months 10%
4. 60 Months 10.50%

Monthly Income Scheme

Monthly Income Scheme: Monthly interest scheme is introduced by Vaibhav Laxmi Credit Co-Operative Society Limited which is a period of time to a certain extent, at competitive rates of interest and with different features to suit the investment needs of individual member.

Sr. No. Year General Special*
1. 1 Year 10% 11%
2. 2 Year 10.25% 11.25%
3. 3 Year 10.50% 11.50%
4. 4 Year 11% 12%
5. 5 Year 11.50% 12.50%

Fixed Deposit

Fixed Deposit: A fixed deposit is a financial instrument where a member gets assured ROI. It is an investment opportunity provided by Vaibhav Laxmi Credit Co-Operative Society Limited with the benefits of higher rate of interest than a Normal Saving Account.

Sr. No. Period ROI Deposit Amount Maturity Amount
1. 12 Months 10.00% 10000 11100
2. 24 Months 11.25% 10000 12377
3. 36 Months 11.50% 10000 13862
4. 48 Months 11.75% 10000 15595
5. 60 Months 12.00% 10000 17623

Terms & Conditions

  • Minimum FD would be of Rs. 10000/-and further in multiple of Rs. 1000/-
  • Interests will be calculated yealry via compound Interests
  • NO TDS will be dedcuted on Interests paid by VLCC on deposits
  • Loan against deposits is up to 80% of deposit amount.
  • Rate of interest on loan against FD would be 3% higher the applicable rate of interest.
  • Fixed deposits withdrawl can be done only after 6 months.

Recurring Deposit

Daily Deposit Scheme: Daily Deposit Scheme is a monetary deposit scheme introduced by Vaibhav Laxmi Credit Co-Operative Society Limited to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.

Sr. No. Period ROI Deposit Amount Maturity Amount
1. 12 Months 8.75% 6000 6290
2. 24 Months 9.00% 12000 13190
3. 36 Months 9.50% 18000 20895
4. 48 Months 10.00% 24000 29805
5. 60 Months 10.50% 30000 39580
5. 72 Months 11.00% 36000 51135

Terms & Conditions

  • Recurrang arcount can be opened with minimum Rs. 500/- and further in multiple of Ra 100/
  • Interest will be calculated monthly via compound Interest
  • Defaulters will be charged at the rate order month per installment.
  • The amount of maturity will be paid out after the last Instalment has been paid or the date of payment whichever is later.
  • Loan Facility: After receipt of 12 instalments 80% loan of total deposits amount can be availed.
  • Rate of interest on loan against deposits would be charged 3% higher than applicable rate of interest.