Interest-Free Deposit Accounts in Patna, Bihar

Al-Khair's core doorstep savings product: a recurring daily or weekly deposit account opened with a minimum of INR 50 (multiples of INR 10 thereafter) into which an authorised society collector gathers savings at the member's shop or home, recording each collection on a signed card held by the member and a matching book entry. Joint accounts of up to two persons are allowed, both must be shareholders. Withdrawals open only after the next calendar month from deposit, up to deposits made through the previous-to-last month, with a minimum balance of INR 50; the passbook must be presented monthly and withdrawals happen at the branch counter. A regular DD history is the gateway to Al-Khair's loan products. No interest is paid on any deposit (crawled alkhairsociety.com 2026-08-06).

Al-Khair's on-demand deposit account family. The What-is-Al-Khair page describes the Amanat account as 'like a saving account': members deposit and withdraw anytime with a minimum balance of INR 100. The dedicated Saving Account page adds limits for the saving variant: a member may place INR 5,000 up to a maximum of INR 10,000 per account, with withdrawals during working hours on any working day, and authorises the society to use the funds for lending to needy members. Loan disbursements are normally credited to the member's Amanat account. Alongside sit special-purpose deposits: Sahyog (philanthropists' six-month deposits to grow the society's business), earmarked guarantee funds held against a specific member's loan, and a Haj account for pilgrimage savings. No interest is paid on any deposit (crawled alkhairsociety.com 2026-08-06).

Janseva's deposit architecture is the most doctrinally explicit in India's interest-free cooperative sector. Demand deposits 'will be treated as qard e hasnah', creating a hard obligation to repay on demand. Every ordinary and associate member must open an Amanah Compulsory Saving Deposit account (ACSD) saving at least INR 10 per day or INR 250 per month, with a two-year lock-in on the minimum and anytime withdrawal above it; the society may deploy ACSD funds at its own risk while depositors 'remain indemnified from outcome of fund utilization' and repayable in full on demand. The Amanah Current Deposit (ACD) works like a bank current account: amanah-held, liquid, withdrawable in part or full anytime, with the depositor sharing neither risk nor return. Around these sit eleven further account types including SHG savings and corpus deposits, Mutual Help Fund, Service/Support Recurring, Recurring Investment, and an investment-deposit family (asset-based, portfolio, participatory business, general and SPV investment deposits) for members who want their money deployed for halal returns. Membership requires shares of INR 100 (General tier: ten shares plus 1% processing and INR 10 admission; Silver 100, Golden 1,000, Diamond 5,000 shares) (crawled janseva.in 2026-08-06).