Achievers Pension Plan
 
Payment Schedule on Deposit of Rs. 10,000
 
Period Monthly Deposit Amount Total Deposit Amount  Lifetime Monthly Pension Maturity Amount (Rs) 
3.6 Years 1000 42000 426 51175
5.9 Years 1000 69000 914 99676
9.9 Years 1000 1,17,000 2294 239347
14.9 Years 1000 1,77,000 5612 561240
 Terms & Conditions: 
  1. Minimum Deposit of amount Rs 1000/-,thereafter in multiples of Rs 500/-
  2. After maturity of pension plan, the depositor can either avail the maturity amount or pension amount.
  Payment on pre mature Fixed Deposits :
  1. Up to 2 years no loan facility available.
  2. After 2 years 70% can be availed on deposit amount.
  3. Loan against deposits will be charged at 20% interest yearly, monthly compound interest basis.
  4. Before 1 year/2 years/5 years/7 years time no pre mature payment. After these period and before maturity date, amount will be paid on 7.5% interest (saving account interest rate) on yearly basis.
  5. Instalment payment on loan Lapse on payment of instalment amount will make the defaulter pay 5% with next instalment amount.
 
   
Achievers Credit Co-operative Society