Shree Veershaiv Co-op Bank Ltd | Fixed Deposit Accounts

Fixed Deposit Accounts

Short Term Fixed Deposit Accounts
Fixed Deposit with Monthly / Quarterly Interest
Cumulative Fixed Deposit
Sarvmangal Deposit Scheme ( Recurring Deposit )
Short Term Fixed Deposit Accounts
- Account can be opened with a minimum of Rs.1000/-
- Minimum period is 30 days and can be opened for 364 days.
- Interest is paid along with principal amount on maturity.
- Loan can be granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.
- Convenient for parking the short term surplus from 30 days to 1 year.
- To know about our current Interest Rates, please Click here
Fixed Deposit with Monthly / Quarterly Interest
- Account can be opened with a minimum of Rs.1000/- or any amount fixed by Bank from time to time
- Minimum period is one year.
- Maximum period is 120 months or any period decided by Bank from time to time.
- Interest due will be paid on Monthly / Quarterly basis.
- Loan can be granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.
- The depositor desires to have interest payment on Monthly / Quarterly , he should notify this instruction in the Account Opening Form while opening the account. The Bank will take note of this and pay the interest amount accordingly.
- Convenient scheme to meet the periodical expenses for Sr. Citizens
- To know about our current Interest Rates, please Click here
Cumulative Fixed Deposit
Sarvmangal Deposit Scheme
- Period of Scheme is 10 Years
- Account can be opened with a minimum of Rs.500/- or any amount in multiple of Rs.500/- fixed by Bank from time to time
- Recurring Deposit Amount to be paid monthly before 10th of the Month
- Delayed payment of Installment attracts penalty @ Rs.5 per hundred Minimum period is one year.
- Maximum period is 120 months or any period decided by Bank from time to time.
- Interest due will be compounded on quarterly basis.
- Loan can be granted up to 85%of the deposit amount against the pledge of Deposit Receipt in case of need with rate of interest @1 % more than Deposit Rate.
- Premature Closure of Account will attract penalty @1% and interest will be paid for the period for which deposit is kept and Interest Rate applicable when deposit was kept.
- To know about our current Interest Rates, please Click here

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