Approved Member Bylaws

Terms & Conditions

Rules, regulations, and deposit scheme terms governing SECURE UNITED URBAN CREDIT CO-OPERATIVE SOCIETY LTD. (Reg. No: RSR/CR/2026/1061).

Version 1.0 • Approved by Society Board & Co-operative Framework

1Legal Entity & Membership Bylaws

SECURE UNITED URBAN CREDIT CO-OPERATIVE SOCIETY LTD. is an Urban Credit Co-operative Society registered under applicable co-operative society acts. All financial services, deposit products (SIA Samriddhi Khata, SIA Vyapar Khata, SIA Dhan Samriddhi, SIA Dhanpravah), and loan facilities are offered exclusively to registered members ("Member") of the society.

Important Notice: This society is a member-owned credit co-operative society and not a commercial banking institution. Customers are admitted as shareholder members with equal voting and participation rights in accordance with society bylaws.

2Savings Account (SIA Samriddhi Khata) Terms

Secure Basic Tier: Minimum balance ₹ 500; Interest rate 2.00% p.a.; Non-maintenance charge ₹ 100/month; Account closing charge ₹ 100 if closed within 1 year.
Secure Smart Tier: Minimum balance ₹ 5,000; Interest rate 5.50% p.a.; Non-maintenance charge ₹ 250/month; Sweep to FD facility on request (above ₹ 25,000).
Secure Elite Tier: Minimum balance ₹ 25,000; Interest rate 10.00% p.a.; Non-maintenance charge ₹ 500/month; Automatic sweep to FD for balances above ₹ 50,000; Closing charge Nil.

3Fixed Deposit (SIA Dhan Samriddhi) Terms & Rates

Fixed deposit schemes are offered across three investment slabs with tenures of 13, 25, 37, and 49 months. Total ROI includes base interest rates plus discipline/incentive bonuses:

Slab 1 (₹ 10K to ₹ 1.99L): 13 Months (13.00% p.a.), 25 Months (14.00% p.a.), 37 Months (15.00% p.a.), 49 Months (16.00% p.a.).

Slab 2 (₹ 2L to ₹ 14.99L): 13 Months (14.50% p.a.), 25 Months (16.50% p.a.), 37 Months (18.50% p.a.), 49 Months (20.50% p.a.).

Slab 3 (₹ 15L to ₹ 1 Cr): 13 Months (17.50% p.a.), 25 Months (20.00% p.a.), 37 Months (22.00% p.a.), 49 Months (25.00% p.a.).

Quarterly Payout Facility: Members may opt to withdraw earned interest every 3 months while principal remains invested until maturity.

4Premature Withdrawal & GST Penalty Bylaws

Premature withdrawal of fixed or recurring deposits is permitted after the mandatory mini-lock period (e.g., 7 months for 13-month tenures, 13 months for 25-month tenures, 25 months for 37-month tenures, and 37 months for 49-month tenures).

Penalty & Statutory Tax Rules:

Premature withdrawal penalty rates (5% to 15%) will be deducted from earned interest as per scheme terms. As per tax regulations, all premature withdrawal penalties attract a mandatory 18% GST on the penalty amount.

5Credit Facilities & Overdraft (OD) against Deposit

Members holding active Fixed Deposits (SIA Dhan Samriddhi) are eligible for instant Overdraft (OD) facilities up to 90% of deposit value without closing their FD. Secured gold loans, property mortgage loans, and business credit lines up to ₹ 25 Lakhs are offered subject to valuation and co-operative loan committee approval.

6Rate Revisions & Society Governance

Interest rates, payout schedules, and incentive terms are approved by the Board of Directors of SECURE UNITED URBAN CREDIT CO-OPERATIVE SOCIETY LTD. Rates are subject to revision as per society liquidity guidelines. Existing fixed deposits booked prior to rate changes remain locked at their agreed contract rate.

Head Office & Legal Inquiries

For questions regarding terms, BYLAWS, or deposit certificates, please contact our head office:

Email: siasecureunited@gmail.com

Helpline: +91 94054 26350

Address: Main Head Office, Gandhi Ward, Near Honda Showroom, Desaiganj Wadsa - 441207

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