Cumulative Deposit
Save Today. Let Your Savings Grow Over Time.
Our Cumulative Deposit Plan is designed for members who prefer to accumulate their interest and receive the deposit amount together with the accumulated interest at maturity.
Under this plan, interest is calculated and accumulated on a monthly basis throughout the selected deposit period. The accumulated interest is then paid along with the principal deposit amount upon completion of the chosen tenure.
This makes the Cumulative Deposit an appropriate option for members looking to build their savings systematically and receive a consolidated maturity amount at the end of the deposit period.
The Interest is Cumulated on Monthly basis and paid along with Deposit Amount after a certain period chosen.
Cumulative Deposit – Maturity Benefits
The maturity value varies according to the deposit amount and selected tenure.
Maturity Value for Members
| Deposit Amount | 6 Months | 12 Months | 24 Months |
|---|---|---|---|
| ₹1,000 | ₹1,030 | ₹1,083 | ₹1,185 |
| ₹5,000 | ₹5,150 | ₹5,415 | ₹5,925 |
Key Features
- Monthly Interest Accumulation – Interest is accumulated throughout the deposit tenure.
- Principal + Interest at Maturity – Receive the deposit amount together with accumulated interest upon maturity.
- Multiple Tenure Options – Choose from 6-month, 12-month and 24-month deposit periods.
- Simple & Structured Savings – A convenient approach to building savings over a defined period.
- Member-Focused Deposit Plan – Designed specifically for the savings needs of eligible members.
Build Your Savings with a Long-Term Perspective
A Cumulative Deposit allows you to stay invested for the selected period while your interest continues to accumulate. At maturity, you receive a consolidated amount comprising your original deposit along with the accumulated interest. Save consistently. Accumulate steadily. Receive more at maturity.
BUILD A STRONGER FINANCIAL FUTURE TOGETHER
Your Savings. Your Financial Goals. Our Commitment.
With a legacy spanning more than 45 years, Shenoy Nagar Saswatha Nidhi Limited continues to serve its members through structured savings, deposit and loan facilities designed around responsible financial management.
Whether you are looking to save regularly, invest through a deposit scheme, explore loan facilities or understand our membership services, our team is here to provide the information and assistance you need.
Take the next step towards managing your financial requirements with greater clarity and confidence. Contact our office to learn more about our membership, deposit schemes, loan facilities, applications and other member services.
Cumulative Deposit
Save Today. Let Your Savings Grow Over Time.
Our Cumulative Deposit Plan is designed for members who prefer to accumulate their interest and receive the deposit amount together with the accumulated interest at maturity.
Under this plan, interest is calculated and accumulated on a monthly basis throughout the selected deposit period. The accumulated interest is then paid along with the principal deposit amount upon completion of the chosen tenure.
This makes the Cumulative Deposit an appropriate option for members looking to build their savings systematically and receive a consolidated maturity amount at the end of the deposit period.
The Interest is Cumulated on Monthly basis and paid along with Deposit Amount after a certain period chosen.
Cumulative Deposit – Maturity Benefits
The maturity value varies according to the deposit amount and selected tenure.
Maturity Value for Members
| Deposit Amount | 6 Months | 12 Months | 24 Months |
|---|---|---|---|
| ₹1,000 | ₹1,030 | ₹1,083 | ₹1,185 |
| ₹5,000 | ₹5,150 | ₹5,415 | ₹5,925 |
Key Features
- Monthly Interest Accumulation – Interest is accumulated throughout the deposit tenure.
- Principal + Interest at Maturity – Receive the deposit amount together with accumulated interest upon maturity.
- Multiple Tenure Options – Choose from 6-month, 12-month and 24-month deposit periods.
- Simple & Structured Savings – A convenient approach to building savings over a defined period.
- Member-Focused Deposit Plan – Designed specifically for the savings needs of eligible members.
Build Your Savings with a Long-Term Perspective
A Cumulative Deposit allows you to stay invested for the selected period while your interest continues to accumulate. At maturity, you receive a consolidated amount comprising your original deposit along with the accumulated interest. Save consistently. Accumulate steadily. Receive more at maturity.
BUILD A STRONGER FINANCIAL FUTURE TOGETHER
Your Savings. Your Financial Goals. Our Commitment.
With a legacy spanning more than 45 years, Shenoy Nagar Saswatha Nidhi Limited continues to serve its members through structured savings, deposit and loan facilities designed around responsible financial management.
Whether you are looking to save regularly, invest through a deposit scheme, explore loan facilities or understand our membership services, our team is here to provide the information and assistance you need.
Take the next step towards managing your financial requirements with greater clarity and confidence. Contact our office to learn more about our membership, deposit schemes, loan facilities, applications and other member services.