Bihar Samridhi Yojna
Terms and conditions
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 60 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.
8. Term loan on deposits to the member and C.C. Lending will also be considered.
9. Members depositing money in the account regularly, after two years, in case of accidental death, three times the first year's deposit and in case of normal death, the first year's deposit amount (maximum Rs. 2 lakh) will be given as security. will be given as This facility will be payable to the members up to the age of 70 years.
Approx Interest Chart
Bihar Samriddhi Yojana
| Opening Amount | Deposit Amount @12 Months(Approx) | Interest @ 3% | Maturity Amount | Deposit Amount @18 Months(Approx) | Interest @ 4.5% | Maturity Amount |
|---|---|---|---|---|---|---|
| 20 | 7,200.00 | 117.00 | 7,317.00 | 10,800.00 | 391.00 | 11,191.00 |
| 30 | 10,800.00 | 176.00 | 10,976.00 | 16,200.00 | 587.00 | 16,787.00 |
| 50 | 18,000.00 | 294.00 | 18,294.00 | 27,000.00 | 978.00 | 27,978.00 |
| 100 | 36,000.00 | 588.00 | 36,588.00 | 54,000.00 | 1,957.00 | 55,957.00 |
| 200 | 72,000.00 | 1,177.00 | 73,177.00 | 1,08,000.00 | 3,915.00 | 1,11,915.00 |
| 500 | 1,80,000.00 | 2,944.00 | 1,82,944.00 | 2,70,000.00 | 9,788.00 | 2,79,788.00 |
| 1000 | 3,60,000.00 | 5,889.00 | 3,65,889.00 | 5,40,000.00 | 19,577.00 | 5,59,577.00 |
| Opening Amount | Deposit Amount @36 Months(Approx) | Interest @ 6% | Maturity Amount | Deposit Amount @60 Months(Approx) | Interest @ 9% | Maturity Amount |
|---|---|---|---|---|---|---|
| 20 | 21,600.00 | 2,108.00 | 23,708.00 | 36,000.00 | 9,511.00 | 45,511.00 |
| 30 | 32,400.00 | 3,162.00 | 35,562.00 | 54,000.00 | 14,267.00 | 68,267.00 |
| 50 | 54,000.00 | 5,271.00 | 59,271.00 | 90,000.00 | 23,779.00 | 1,13,779.00 |
| 100 | 1,08,000.00 | 10,542.00 | 1,18,542.00 | 1,80,000.00 | 47,558.00 | 2,27,558.00 |
| 200 | 2,16,000.00 | 21,085.00 | 2,37,085.00 | 3,60,000.00 | 95,116.00 | 4,55,116.00 |
| 500 | 5,40,000.00 | 52,713.00 | 5,92,713.00 | 9,00,000.00 | 2,37,792.00 | 11,37,792.00 |
| 1000 | 10,80,000.00 | 1,05,426.00 | 11,85,426.00 | 18,00,000.00 | 4,75,584.00 | 22,75,584.00 |
Contact
Welcome to The Bihar co-operative credit society ltd. is a co-operative credit society
was formed under the act of Bihar Self-Supporting Co-operative Societies - 1996 regulated by co-operative
department
government of Bihar.
Registration number: Br-03-00-00-15-OTH-01-2011
Our Address
The Bihar co-operative credit society ltd.
Head office- Ashirwad Bhawan, G. C. Banarjee Road, Bhikhanpur,Bhagalpur, Bihar- 812001
Email Us
Call Us
+91 7369000505
+91 7369000511