Savings Contribution
Savings Contribution is a default Savings Account that commences when an individual joins as a Member. This account can be used for contributing and withdrawing funds from the Society as and when required. This account is offered and promoted as a product by itself and the returns are based on Simple Interest on a Daily Product basis. The interest is paid out at the end of every 3 months (ie., end of every quarter) @ 6% per annum for the amount maintained in the account. This Savings Account is perfect for Pensioners, Working Professionals, Housewives, Businessmen, and Professionals to maintain a good contribution that brings them steady returns.
Fixed Contribution
Fixed Contribution/Investments are liability products offered to the members of the Society with an interest commitment for the specific period of the contribution. Normal closure will be done to the account from which the contribution/investment is generated at the time of maturity. When you are looking for a dependable Fixed Contribution or Investment with good returns consider becoming a Member of KERALA NECESSITY CO-OPERATIVE PROCESSING AGRO SOCIETY and investing in the Fixed Contributions / Investments offered. Members will be having the option to provide auto renewal for these products as per the terms and conditions of the Society from time to time. Nomination facility is available on these contributions. Interest pay-out options can be selected to be Monthly, Quarterly, Half Yearly, Yearly, or On Maturity.
Recurring Contribution
Recurring Contributions are liability products offered to members who prefer to have a systematic investment on a monthly module and collate the maturity benefits of a specific purpose. Recurring contributions will vary from 1 to 5 years. Nomination facility is available on these contributions. On the closure of the contribution in maturity the proceeds will be credited to the bank account details provided by the member at the time of account opening.
Doubling Scheme
The Doubling Scheme is a unique and high-yield investment plan designed to double your contributed amount over a fixed tenure of 6 years. This specialized product offers a secure and systematic way to grow your savings, making it an excellent choice for individuals looking to maximize their wealth for specific financial goals.
Key Features:
- Guaranteed Doubling
- Flexible Contribution Range
- Steady Returns
- Ideal for Family Goals