Overview
A straightforward, fixed-rate account
A Graha Fixed Deposit pays a fixed rate of interest for a fixed period that you choose upfront. The rate you're offered depends on how long you deposit for — longer tenures earn a higher rate. Once opened, the rate and maturity date don't change, regardless of what happens in the market.
Fixed for the term
Your rate is locked at opening and won't change till maturity.
6 to 60 month tenure
Choose any term between 6 months and 5 years.
Quarterly compounding
Interest compounds every quarter, paid out at maturity.
Senior citizen bonus
+0.50% on every tenure for members aged 60 and above.
Rates
Rate by tenure
| Tenure | Rate (p.a.) | Senior citizen rate |
|---|---|---|
| 91 – 180 days | 3.00% | 3.25% |
| 181 – 270 days | 4.00% | 4.25% |
| 271 – 364 days | 5.00% | 6.25% |
| 365 Dyas Best Rate | 12.28% | 12.75% |
Rates shown are for deposits opened under the current scheme and are subject to revision for new deposits. Once opened, your account keeps the rate in force on the day you deposited, for the full tenure.
Eligibility
Who can open this account
- Individual members of Graha Co-operative Housing Society
- Joint accounts, held by two or more members
- Minors, through a parent or guardian
- Senior citizens (58+), at the enhanced rate above
Documents
What to bring to the branch
- PAN card
- Aadhaar card or other government-issued address proof
- Two passport-size photographs
Process
How to open your FD
- 1Pick your amount and tenureUse the calculator alongside to see the rate and projected maturity.
- 2Visit your nearest branchKorattur, Porur, Thiruvallur, or Thiruvannamalai — bring the documents listed above.
- 3Sign and receive your membership cardYour rate and maturity date are fixed in writing on the spot.
FAQ
Common questions
Can I withdraw before maturity?
Yes, premature withdrawal is allowed after the minimum lock-in period, subject to a reduced interest rate. Ask your branch for the exact penalty applicable to your tenure.
Is my deposit insured?
Co-operative society deposits are not covered by DICGC deposit insurance the way bank deposits are. Your deposit is secured against the Society's reserves and is governed by its bye-laws.
How is interest paid out?
Interest compounds quarterly and is paid out as a lump sum along with your principal at maturity. Monthly or quarterly payout options may be available on request — ask at your branch.
Can I add a nominee?
Yes, you can name a nominee at the time of account opening, or add one later at your branch.