Fixed Deposits
A fixed deposit (FD) is a financial instrument provided by our banks.
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The Aircraft Employees Credit Cooperative Society (AECCS) has a rich history, dating back to its establishment and registration in the year 1954. The society operates under the jurisdiction of the Karnataka State Co-operative Societies Act of 1959. A significant milestone in its journey occurred in 2015 when it underwent bifurcation, resulting in the creation of two distinct societies: The Aircraft Employees Credit Co-operative Society Limited and The Aircraft Employees House Building Cooperative Society Limited.
0.5% Extra Interest On single deposit of 10.00 Lakhs & above of Registered co-op society & Registered public charitable Trust.
Senior Citizen can avail 0.50 % extra interest.
The interest earned on deposit can be paid monthly, quarterly, half yearly, yearly or at maturity according to choice of customer.
I am delighted to share the remarkable achievements of AECCL as your President. It is with great pleasure that I announce our society's elevation from Grade "B" to Grade "A" as recognized by the Registrar of Co-operative Society. This elevation speaks volumes about our robust growth and financial health.
At AECCL, we prioritize your financial well-being, offering the most competitive deposit interest rates compared to other financial institutions. We take pride in disbursing a record amount of loans to our members, demonstrating our commitment to supporting your financial goals.
In a significant validation of our financial strength, we have earned the top rating from CRISIL, conducted on behalf of the Bank of Baroda. This rating underscores our credibility and stability.
I extend my sincere gratitude for your positive advice and appreciation, which fuels our drive for excellence. AECCL is not just a cooperative society; it is a community, and together, we are forging a prosperous future.
Thank you for your trust and ongoing support.
