::: The Chennai Metropolitan Co-Operative Housing Society Ltd :::

Fixed Deposits Benefits

  • Interest being paid in monthly basis
  • No. T.D.S. for members Transaction as per sec. 194A (3)
  • Exemption of wealth Tax under Section 5 of the Wealth Tax Act.
  • E.C.S. Credit of interest to the members Bank Account
  • Capital gains exemption under Section 54 or 54F or 54EA and 54EB
  • IT Exemption under Sec 88 for interest earned on deposits upto 10,000/- per annum.

Basic Requirements

Interest Rates

Earn attractive interest for various tenures on your deposits.


Make premature withdrawals in multiples of Rs. 1,000 subject to applicable charges, get a Loan or Overdraft up to 90% of your FD amount and choose from monthly or quarterly payouts.

Minimum Balance

You can avail of Co-operative Society Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors.

Fixed Deposit (390 days tenure)

Opt for 390 days Fixed Deposit Account and let your savings grow at optimum rate of interest.

Interest Rates

The interest rate on Fixed Deposits for one year can be fixed by the society as follows

  • 12 Months To 24 Months - 7.25%
  • From 25 Months - 7.5%
  • Senior Citizens Additional - 8%

Other Benefits

  • Avail of a loan facility up to 85% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure.
  • Loan against the fixed deposit maybe given to the depositors at the discretion of the bank.
  • Nomination
  • Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit your Chennai metropolitan Co-operative Housing Society

Download Fixed Deposit Agreement Form