• Invest in Amaravathi 400 Days Deposit Scheme Get Rs.1000/- p.m. as Monthly Interest for Rs.1 Lakh FD*

  • We are sprawling our presence to Visakhapatnam, Vizianagarm, Srikakulam, West Godavari & Guntur Districts soon.

  • Welcome to Amaravathi MMACS Ltd-A Quasi banking MACS on fast growing path.

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Refund/Preclosing of Deposits Policy

Refund

  • For Refund, GST paid will not be refunded.

Preclosing of Fixed Deposits

  • Preclosing will NOT be allowed before 6 Months from the Date of Deposit. Interest will not be paid in such case.
  • Preclosing of any Fixed Deposit after 6 months will be allowed with 3% p.a. Interest only.

Preclosing of Recurring Deposits

  • Preclosing is NOT allowed in Recurring Deposits Policies.
  • Depositor should wait till maturity date.
  • The paid instalments amount will be paid after deducting ₹750 towards Administrative Charges and Gold Coin Rate as prescribed by the Co-Operative Society (if any).

Grievance Redressal

In order to address any discrepancies or grievances related to the personal information residing with the Co-Operative Society, the Member may contact: customercareamaravathimmacs@gmail.com

Notice of Change

The Co-Operative Society may, from time to time, change this Policy. The effective date of this Policy, as stated below, indicates the last time this Policy was revised or materially changed.

Taxes & GST

Extra for all Charges as per the Prevailing Rates.

Date of Policy: 05th September 2024