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LARSEN & TOUBRO GROUP EMPLOYEES' COOPERATIVE THRIFT & CREDIT SOCIETY LTD

REGD. NO. MSCS/CR-27/92

Deposits and Interest Rates

‘A’ Class Members

Type Effective Date Rate of Interest Nature of Interest Maturity Terms
Thrift Deposit 01/03/2016 8.75% p.a Cumulative On closure of Membership
Recurring Deposit 01/03/2016 8.75% p.a Cumulative One Year
Fixed Deposit 01/03/2016 8.75% p.a Monthly One Year
Cash Certificate 001/03/2016 8.75% p.a (Yield 9.04% p.a) Cumulative One Year

‘B’ Class Members

Type Effective Date Rate of Interest Nature of Interest Maturity Terms
Fixed Deposit 01/03/2016 8.75% p.a Monthly One Year
Cash Certificate 01/03/2016 8.75% p.a(Yield 9.04% p.a) Cumulative One Year

Interest income from the society is taxable in the hands of the members, while filling their Individual Income Tax Returns.

Loan and Interest Rates

‘A’ Class Members

Type Effective Date Rate of Interest Nature of Interest
Ordinary Loan 01/03/2016 10.75% p.a Floating Rate on Monthly Diminishing Balance
Flood Relief Loan - 8% p.a -
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