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About Kisan Chakra

At Sahya Mithra Agro Multi-State Cooperative Society (SMCS), the Kisan Chakra Scheme is a specially designed Recurring Deposit (RD) plan that brings financial discipline, security, and attractive returns for members. This scheme focuses on building trust, empowering families, and ensuring financial peace of mind.

Key Features

  • Monthly Installment Amount: Minimum ₹10,000 — Maximum ₹1,00,000 (in multiples of ₹10,000)
  • Deposit Tenure: 10 months
  • Interest Rate: 10.20% per annum, accumulated monthly and paid on maturity
  • Grace Period: 1 working day allowed for delayed payments

Premature Closure Benefits

The scheme recognises life is unpredictable and provides the following closure options:

  • If closed before 5 installments: only the principal amount will be refunded (no interest).
  • If closed after 5 installments: interest will be paid at 5.1% per annum.

Penalty & Protection Clause

  • A penal interest of 1% will be charged on delayed installments.
  • If an installment (with penal interest) is not paid within 30 days, the account becomes inactive.
  • Inactive accounts: all deposits will be refunded with 5.1% interest.

Why Choose Kisan Chakra?

  • Designed for farmers and families — simple, transparent and trustworthy.
  • Community-backed security — supported by Sahya Mithra SCMS.
  • High returns in just 10 months — attractive growth compared to many regular RDs.
  • Flexible and farmer-friendly — small grace period and protection clauses.

Kisan Chakra is a circle of trust that keeps your money growing while you focus on life and work.

Example Maturity Calculation

Monthly Deposit Tenure Interest Rate Maturity Value*
₹10,000 10 Months 10.20% Approx. ₹1,05,100
₹50,000 10 Months 10.20% Approx. ₹5,25,500
₹1,00,000 10 Months 10.20% Approx. ₹10,51,000

*Indicative, subject to terms and timely payments.

Frequently Asked Questions

Any member of Sahya Mithra SCMS who wishes to build disciplined savings with secure returns.

With 10.20% interest, a short tenure and cooperative backing, it offers higher growth and community-driven security.

A 1-day grace period applies. Beyond that, penal interest is charged and prolonged non-payment can make the account inactive; inactive accounts are refunded with 5.1% interest.

A Promise of Trust & Growth

Kisan Chakra RD helps your savings grow safely while protecting your trust and future.

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