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Help Centre : 07683-240294
CORPORATE OFFICE
Vijay Nagar, behind R.C.S School.
Birla Nagar,Gwalior, 474004 (M.P.)
Contact No.: 07683-240294
Website: www.chambalmalwa.com
NEWS & EVENTS
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Recurring Deposit Schemes:- Chambal Malwa Credit Co-operative Society
No. Period Rate of Interest Maturity@ 100 Rs
1. 12 Months 9.0% 1260.00
2. 24 Months 9.50% 2652.00
3. 36 Months 10.00% 4210.00
4. 60 Months 12.00% 8249.00
5. 72 Months 13.00% 10924.00
Terms & Conditions
1. Minimum Amount Rs.100/-
1. Recurring account can be opened with minimum Rs. 100 and further in multiple of Rs. 100.
2. Interest calculation would be monthly compound.
3. Penalty would be charged at the rate 2% per month on defaulters.
4. Maturity would be paid after one month of the last installment date or the date of payment whichever is later
5. After maturity, interest or other benefits will be payable.
6. Late fee is charged after 15 days from due date.
*. LOAN FACILITY:-
• No loan facility is available on 12 month scheme
• 75% loan of total deposit would be available on regular receipt of 12 installments on 24 months deposits scheme.
• 75% loan of total deposit would be available on regular receipt of 24 installments on 36-72 months deposits scheme.
7. 5% higher interest on applicable rate of interest would be charged on loan against deposits.
8. WITHDRAWAL BEFORE MATURITY :-
• No premature withdrawal facility is available on 12 months scheme
• Premature withdrawal facility is available on 24-36 months scheme after 18 months. On withdrawal After 18 months Simple interest @ 5% per annum would be payable    on the amount deposited in R.D. scheme.
• Premature withdrawal facility is available on 48-72 months scheme after 36 months. On withdrawal After 36 months Simple interest @ 5% per annum would be payable    on the amount deposited in R.D. scheme.
 
 
 
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