Ordinary savings account
Opens with ₹500. Quarterly interest, RuPay debit card, UPI and a printed passbook. No minimum balance penalty for accounts held by pensioners or students.
Deposits
Where members put money
Every deposit is insured by DICGC up to ₹5,00,000 per depositor.
Fixed deposit
From seven days to five years, minimum ₹1,000. Interest paid monthly, quarterly or on maturity. Senior citizens earn 0.50% above the card rate on every tenure.
Recurring deposit
Fixed monthly instalment from ₹100, for 12 to 60 months. Missed instalments carry a small penalty but do not close the account.
Pigmy daily deposit
An agent collects from your shop or home six days a week and receipts it on the spot. Withdraw after 12 months, or roll into a fixed deposit at the card rate.
Balaka savings
For members under 18, opened by a guardian. Withdrawals restricted until the child turns 18. Interest at the savings rate plus 0.25%.
Current account
For traders and firms. Cheque book, at-par clearing across all 47 branches and unlimited counter transactions. Opens with ₹5,000.
Loans
What the money is lent for
Sanctions are decided at the branch or regional office, not in another city. Nothing is charged for prepayment.
Gold loan
Up to 75% of the assay value, disbursed the same day. Ornaments held in the branch strong room and insured. Tenure 12 months, renewable.
Housing loan
Up to ₹50 lakh for purchase, construction, extension or repair. Tenure up to 20 years. Sanction within seven working days of a complete file.
Crop and allied loan
Kharif and rabi crop loans, dairy, sheep rearing and farm equipment. Repayment aligned to the harvest, not the calendar month.
Cash credit for small trade
Working capital against stock and receivables for shops, hotels and small manufacturers. Reviewed annually.
Vehicle loan
New and used two-wheelers, cars, autos and goods carriers. Up to 85% of the on-road price, tenure to seven years.
Self-help group loan
For registered SHGs with a six-month savings record. Lent to the group, repaid by the group, with no individual collateral.
Effective 1 August 2026
Interest rate schedule
The same sheet that hangs at every branch counter.
Rates per annum
Reviewed quarterly by the boardWhat we pay you
| Savings account | 3.50% |
|---|---|
| Balaka savings | 3.75% |
| 7 to 45 days | 4.50% |
| 46 to 90 days | 5.25% |
| 91 to 180 days | 6.00% |
| 181 days to 1 year | 6.75% |
| 1 year to 2 years | 7.25% |
| 2 years to 3 years | 7.50% |
| 3 years and above | 7.40% |
| Recurring deposit, 12 to 60 months | 7.00% |
| Senior citizens, all tenures | +0.50% |
What you pay us
| Crop and allied agriculture | 7.00% |
|---|---|
| Housing loan, up to 20 years | 8.75% |
| Vehicle loan | 9.25% |
| Gold loan | 9.50% |
| Self-help group | 10.50% |
| Cash credit, small trade | 11.00% |
| Personal loan | 13.00% |
| Loan against own deposit | Deposit rate +2.00% |
| Processing fee | 0.25%, max ₹5,000 |
| Prepayment charge | Nil |
| Late payment | 2.00% on overdue |
Changes apply to new deposits and fresh sanctions only. An existing fixed deposit keeps the rate it was booked at until maturity.