Fixed Deposit (SGKSCCL)

SGK FIXED DEPOSIT is a cash investment deposited at a financial institution. It offers a higher rate of interest than Savings co-operative account. The interest can be earned only 12 months / maturity. Hence we called it as SGK FIXED DEPOSIT.


• Rate of Interest 14% p.a (Additional 1% for Senior Citizens and Ex-Service Men’s)

• Minimum Tenure 365 Days

• Minimum Deposit Rs. 5,00,000/-

• Interest Frequency 12 Months / Maturity

Regular Fixed Deposit

• Rate of Interest 8.5% p.a (Additional 1% for Senior Citizens and Ex-Service Men’s)

• Minimum Tenure 365 Days

• Minimum Deposit Rs. 10,000/-

• Interest Frequency Monthly/ Quarterly/ Halfyearly/ Yearly/ on maturity.


• A member of cooperative can open individually/jointly with a family member.

• A member can invest his surplus money to get higher rate of interest

• No further addition can be made to the opened account. For an additional amount to be added a separate account must be made.

• The period of deposit is fixed, the minimum period is 1 year and a maximum is 10 years.

• The rate of interest is changed from time to time as per the decision of the board.

• No closure is allowed before maturity, in some extreme cases it may be allowed with a cut in the rate of interest running on the date of closure

• A receipt/certificate is given to depositor noting address of depositor, deposit amount, period, mode of interest payment, and total interest, date of maturity etc.

• Interest income may be given as per the instruction i.e., monthly/quarterly/halfyearly/yearly/on maturity.

• The depositor can reinvest the interest income in other products and ventures.

• Nomination facility is available.


• It encourages the members to invest their surplus funds.

• It will earn interest income.

• Earned interest may be credited monthly/quarterly or as desired by the depositor.

• Loan facility is available.

• The matured amount may re-invest for a further period.

• The co-operative gets funds for a longer period and we can invest the money for a shorter period.