Deposits & Investment Schemes

Term Deposit Schemes (3 Year)

Note:

Member who wish to deposit amount towards RD/FD other than salary deduction can deposit through account payee cheques.

Cumulative Deposits @ 9.5%

Monthly contribution /Thrift towards society is deposited under the head of cumulative deposit and annual interest is paid along with dividend.

Group Insurance Policy

The Group Insurance cover is provided upto Rs. 1000000 by LIC and insurance premium is calculated on the basis of age group or as per plans & policies revised by the LIC of India. The scheme provides financial relief to the family members of loanee members & sureties incase of death of loanee member.

Death Relief Assurance Scheme (DRAS)

This Scheme is introduced by TCA Ltd. This scheme gives opportunity for security to loans, relief to sureties, bereaved family members from repay of loan, no annual premium, risk cover, assurance for any type of death. Warranty of refund of deposit, opportunity for voluntary withdrawals and contribution for social obligation: In brief, this scheme comes to the rescue if not only to the family of deceased member but also avoids the hardship on sureties. Members are eligible for maximum assured relief amount in respect to their age.

The DRAS scheme is as under