As you know NEW LIFE MULTIPURPOSE CO-OPERATIVE SOCIETY LTD. is a non banking financial company doing the business of lending and borrowing with Its members or shareholders. It is our objective to encourage and afford all facilities, i.e. saving habits to its member by receiving short term and long term deposits. A member can deposit for 1 to 5 years term. The benefit rate may vary with the difference of term.
NEW LIFE MULTIPURPOSE CO-OPERATIVE SOCIETY LTD. offers some deposit schemes for its members and shareholders, based on different durations of deposit time. The benefit rate may differ for different scheme of deposit. The schemes are listed below...
In Fixed Deposit Scheme (FDS) a member have to deposit ONE time (Only Once) for a specific term, and after the specific term duration the member can get a good return as a benefit from the BNL organization.
In Daily Deposit Schemes (DDS) a member can deposit a small amount daily to the organization to get a bigger return after a specific term duration. Our team collects the amount daily from the member or the member can deposit the amount by some other payment mode without no extra charge from the organization. In DDS the amount allowed from 100-2000 INR Daily to deposit.
Weekly Deposit Schemes (WDS) :The Weekly Deposit Schemes (WDS) is almost same as the Daily Deposit Scheme (DDS). In this scheme the member's deposit is collected once every week. Generally amount between 200-10000 INR per deposit a week are allowed in this scheme.
Monthly Deposit Schemes (RDS) :The Monthly Deposit Schemes (RDS) is allowed to deposit 1000-30000 INR per month. More deposit gets more benefit. The RDS is a very simple and hastle free deposit scheme for a member and for the organization, As the member deposit the amount only once in a month.
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