deposits:
Fixed Deposit
Fixed Deposit is also known as Term Deposit. Fixed Deposit means an amount is deposited at Bank for a fixed period. The bank offers a fixed rate of interest for that period. The banks offer a wide range of period; from 15 days to 10 years. The interest rate varies according to the duration.
Savings has been an essential part of all of the earnings, we agree Kottarakara Co-Operative Urban Bank Ltd.No.1909 helps you earn more on your savings by offering schemes that come with suitable tenures and attractive interest rates.
Term Deposit
A term deposit is an interest pay out savings scheme which offers interest at half yearly, quarterly and monthly basis.
Features & Benefits:
TDS is applicable form
• 15 H / 15G required submitted for exemption of TDS.
• 15 H / 15G required submitted for exemption of TDS.
• If you are exempted from paying tax, you need to present Form 15H when you are open Fixed Deposit are subsequently at the beginning of the following financial year.
Eligibility:
Individual, Minor by guardian, Organizations, Co-operative Societies
Terms
- Minimum Amount Rs.1000
- No upper limit
- Minimum Period -15 days & Maximum Period -10 years
- Interest Rates
