Deposit Interest Chart

1. Opening of Account:- Account can be opened in multiples of minimum Rs.20/- and further Rs.10/-. Bihar Co-operative reserves the right to reject any application without assigning any reason. Bihar Co-operative reserves the right to transfer any account associated with its other branch office / branch office of the Motivator.

2. Tenure of the account:- The tenure of the account will be 12 months.

3. Method of depositing installments: - All payment towards Bihar Co-operative will be given by depositing cash against the receipt issued by the machine of the person authorized by the Bihar Co-operative. The depositor himself will be responsible for the amount deposited by means other than the above method. Installments will be deposited regularly for each day.

4. Regarding issue of passbook: - A passbook will be made available to each account holder. The entry of the deposit amount will be made by the account holder in the passbook every month. After depositing all the installments, the account holder will return the passbook to the Bihar Co-operative. If there is any difference or difference in the entry made in the passbook and the receipt signed by the Bihar Co-operative's seal and the authorized officer of the office, then the payment will be made on the basis of ledger.

5. Maturity: - At the end of the period, the account holder member will be paid the deposit amount along with the interest fixed by the Bihar Co-operative. After one year the payment can be made on the demand of the member along with the prescribed interest.

6. Nomination of two successors (double nominee system): two heirs determining the ratio of the amount to be received by the heir Can appoint but for this declaration should be made only at the time of opening the account.

7. 75% of the deposit amount on demand of the member S.L. To be paid as loan.