The Lakhapati Deposit Scheme at Galaxy Multistate Co-operative Society, Phaltan, is designed for people who dream of accumulating ₹ 1 Lakh systematically, without any financial burden. Choose a tenure between 18 and 78 months and let your savings grow.
The Lakhapati Scheme is a goal-based savings plan. You commit a fixed monthly installment for a chosen tenure and by the end, you accumulate ₹ 1 Lakh or more, including interest.
It is especially popular among small business owners, farmers, and working individuals in Phaltan and Satara districts who want to build a meaningful corpus without investing a large lump sum at once.
| Feature | Details |
|---|---|
| Tenure Options | 18 months to 78 months, choose as per your goal |
| Target Corpus | ₹ 1 Lakh on maturity |
| Monthly Installment | Varies based on the chosen tenure - the branch team will calculate the exact amount |
| Interest | Competitive rate based on tenure, visit the branch. |
| Nomination | Nomination facility available |
| Eligibility | Open to all Galaxy Multistate members around Phaltan & Satara |
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Choose your preferred tenure (18 to 78 months).
Submit Aadhaar card, PAN card, and 1 passport-size photograph.
Make your first installment to activate the scheme.
Pay monthly and watch your savings grow toward ₹ 1 Lakh.
The Lakhapati Scheme is built for members across Phaltan, Lonand, Dahivadi, and the Akluj corridor who want to reach a specific savings target of ₹1 Lakh without setting aside a large sum at once. Instead, a fixed monthly installment is paid over a chosen tenure, and the scheme is structured so the corpus, including interest, reaches ₹1 Lakh by maturity.
This approach works well for small business owners, farmers with seasonal income, and salaried individuals who prefer planning around a clear savings goal rather than an open-ended deposit. Members can choose a tenure that matches their financial planning. A shorter tenure means a higher monthly installment, while a longer tenure spreads the same target over smaller monthly amounts.
Once the Lakhapati Scheme matures, many members use the proceeds toward a goal they were saving for starting a business, family functions, or further investment into a Fixed Deposit at Galaxy Multistate. The scheme remains open to all members, with a nomination facility available throughout the tenure.