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LARSEN & TOUBRO GROUP EMPLOYEES' COOPERATIVE THRIFT & CREDIT SOCIETY LIMITED
REGD. NO. MSCS/CR-27/92

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20th October 2009.

NOTICE

Revision of Interest Rates on Deposits and Loans.

The Board of Directors are pleased to announce the revision of interest rates on Deposits and Loans under the Provisions of Bye Law No. 47 (c), 48(1), 49 and 58(1) as follows, based on the changing trends of interest rates with effect from the dates noted below

	Present Rate	Revised Rate	w.e.f
I. INTEREST RATE ON DEPOSITS
Interest Rate on Thrift Deposit	9.5%	9%	01-11-2009
Interest Rate on Fixed Deposit for New and Renewal 1 Year	9%	8%	20-10-2009
Interest on Recurring Deposit 12 Months	9%	8%	20-10-2009
(Rs.100/- per month will fetch Rs.1253/- after 12 months)
Nominal Members (Retired Employees) will get 0.5% additional interest on Fixed Deposits.
II. INTEREST RATE ON LOANS :
Interest Rate on Loans including the existing loans.	Present Rate 11.5%	Revised Rate 11%	W.E.F 01-11-2009




		(P.Benedict) Secretary

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