GDCS

GROUP DEPOSIT AND COLLECT SCHEME (GDCS)

This is an attractive scheme, which is beneficial to all sorts of customers. Any member of the society can join the scheme as per the terms and conditions. Members shall be categorized into different groups with a fixed number of members in each group and the scheme will be projected for the stipulated term of months. On its maturity, the amount will be refunded to the depositor with interest, deducting a nominal amount by way of service charges. Loan will be issued to members under this scheme up to maximum of 80% of the Group Scheme. Interest will be charged and security should be offered.

Currently, this scheme is available at Anikadu and Vellayamkudy branches only.