Scheme | Amount | Interest Payable |
Compulsory Deposit | 1000/- Per Month | 5% |
Addl. CD or RD | Any Amt. In multiple of Rs. 500/- | 5% |
Compulsory Deposit : The Amount of Compulsory is accumulated with the Society and is payable to the member only at the time of Retirement/Resignation from the Society. No midterm withdrawal is allowed in case of CD.
A special provision is made for Midterm withdrawal from the CD money if the member of his/her spouse is suffered from any of the 9 disease at listed by the Oriental Insurance. Such withdrawal is allowed only after exhaustion of Sum Insured under Staff Mediclaim as well as after receiving Ex-Gratia from the Company.
Addl. CD or RD : Total Additional CD or RD is allowed to accumulate upto Rs.3 Lakhs only.