Savings Deposits Account
Save Conveniently. Earn Interest. Build Financial Security.
Our Savings Deposit Account is designed to encourage regular savings while providing members with the benefit of interest on eligible account balances. It offers a simple and structured way to maintain savings while earning periodic interest on the qualifying balance.
How Interest Is Calculated
Interest is calculated for each calendar month based on the lowest balance maintained in the account, subject to a maximum eligible balance of ₹50,000/-, during the period from the 10th day to the last day of the month.
The interest earned is added to the principal balance and credited to the member’s account twice a year — on 30th September and 31st March.
Interest Rate
The rate of interest is maintained at 2% above the rate of interest payable on savings bank accounts by nationalized banks, subject to the applicable terms and conditions.
Current Interest Rate
4.20% Per Annum
Key Features
- Interest on Eligible Savings – Interest is calculated based on the prescribed monthly balance methodology.
- Up to ₹50,000/- Eligible Balance – Interest calculation is subject to the specified maximum balance.
- Periodic Interest Credit – Interest is credited twice a year.
- Simple Savings Structure – Designed to encourage regular and disciplined saving.
- Member-Focused Account – Available for eligible members of the Nidhi.
A Smarter Way to Maintain Your Savings
With a straightforward savings structure and periodic interest credit, the Savings Deposit Account provides members with a convenient avenue to maintain their savings while earning interest on eligible balances. Save Regularly. Earn Consistently. Build for Tomorrow.
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.
Savings Deposits Account
Save Conveniently. Earn Interest. Build Financial Security.
Our Savings Deposit Account is designed to encourage regular savings while providing members with the benefit of interest on eligible account balances. It offers a simple and structured way to maintain savings while earning periodic interest on the qualifying balance.
How Interest Is Calculated
Interest is calculated for each calendar month based on the lowest balance maintained in the account, subject to a maximum eligible balance of ₹50,000/-, during the period from the 10th day to the last day of the month.
The interest earned is added to the principal balance and credited to the member’s account twice a year — on 30th September and 31st March.
Interest Rate
The rate of interest is maintained at 2% above the rate of interest payable on savings bank accounts by nationalized banks, subject to the applicable terms and conditions.
Current Interest Rate
4.20% Per Annum
Key Features
- Interest on Eligible Savings – Interest is calculated based on the prescribed monthly balance methodology.
- Up to ₹50,000/- Eligible Balance – Interest calculation is subject to the specified maximum balance.
- Periodic Interest Credit – Interest is credited twice a year.
- Simple Savings Structure – Designed to encourage regular and disciplined saving.
- Member-Focused Account – Available for eligible members of the Nidhi.
A Smarter Way to Maintain Your Savings
With a straightforward savings structure and periodic interest credit, the Savings Deposit Account provides members with a convenient avenue to maintain their savings while earning interest on eligible balances. Save Regularly. Earn Consistently. Build for Tomorrow.
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.