MOTHER DAIRY EMPLOYEE'S CO-OPERATIVE (URBAN)
THRIFT & CREDIT SOCIETY LTD.
(Regd No 693(U)) (Registered Under the Delhi Co-operative Act. 1972)
Fixed Deposit
The Managing Committee of Mother Dairy Employees Cooperatives (Urban) Thrift & Credit Society Limited are pleased to inform all the members that new Fixed Deposits will be accepted with effect from 1st July, 2021 with rate of interest as per the Fixed Deposit Scheme given below :
|
S.No |
Deposit |
Rate of Interest |
Effective Date |
|
1 |
Fixed Deposit for Two Year |
7.00 % |
01.07.2021 |
|
Fixed Deposit for Three Year |
7.20 % |
The above Rate of Interest is much higher than offered by the Banks.
The interest income is taxable as per the provisions on Income Tax Act. Members are advised to declare their Interest Income in their self assessment and Society is not obligated to deduct the same.
The above scheme is open for a period of 9 Months starting from 01.07.2021 till 31.03.2022 and can be extended / close for any period as approved by the Managing Committee.