Galaxy Multistate Co-operative Society honours the trust senior citizens place in us. Our Senior Citizen Honour Deposit Scheme offers higher interest rates with a monthly income option and full transparency.
Retirement should bring peace, not financial worry. The Senior Citizen Honour Deposit Scheme at Galaxy Multistate Co-operative Society, Phaltan is designed to give senior citizens a rewarding deposit option. Backed by the society's MSCS registration, this scheme gives senior citizens in Phaltan taluka and Satara district a dependable home for their retirement savings.
| Tenure | Interest Rate (% p.a.) |
|---|---|
| 12 Months | 9.75% |
| 15 Months | 10.00% |
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Carry age proof (Aadhaar / Voter ID showing date of birth), PAN card, and 3 photos.
Select your deposit amount and tenure (12 or 15 months).
Receive your deposit receipt — senior citizen benefit applied automatically.
If you prefer a monthly payout, ask about our Monthly Income Scheme at the same branch.
The Senior Citizen Honour Deposit Scheme is Galaxy Multistate's dedicated deposit product for members aged 60 and above across Phaltan, Lonand, Dahivadi, and the Akluj corridor. Designed to reward the trust senior citizens place in the society, the scheme offers preferential interest rates along with the same flexibility available on standard Fixed Deposits including tenure choices and a monthly income payout option.
For retirees who depend on their savings for regular expenses, retirees who want a predictable monthly credit from a lump sum can pair this deposit with Galaxy Multistate's Monthly Income Scheme at the same branch. Members who prefer the full amount at maturity instead can simply let the deposit run its tenure without opting for monthly payout.
With a minimum deposit starting point accessible to most retirees and the safety of MSCS registration (Reg. No. MSCS/CR/1641/2025), the scheme is built to give senior citizens in Satara district financial security without unnecessary complexity.