Recurring Deposit
Kanjirapally Service Co-Operative Bank presents the Recurring Deposit scheme, a convenient and disciplined way to save and grow your funds over time. Whether you're planning for future expenses, a special purchase, or simply looking to build your savings, our Recurring Deposit offers a flexible and rewarding investment option.
Key Features:
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Regular Savings: Build your savings systematically by depositing a fixed amount every month into your Recurring Deposit account.
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Flexible Deposit Amount: Choose a monthly deposit amount that suits your budget and financial goals.
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Competitive Interest Rates: Earn attractive interest rates on your recurring deposits, ensuring that your savings grow steadily over time.
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Fixed Tenure: Recurring Deposits have a fixed tenure, allowing you to plan your savings and withdrawals accordingly.
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Auto-Debit Facility: Set up automatic monthly deductions from your savings or current account for hassle-free deposit payments.
Benefits:
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Financial Discipline: The Recurring Deposit instills a sense of financial discipline by encouraging regular savings habits.
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Risk-Free Investment: Your deposits are secure with Kanjirapally Service Co-Operative Bank, providing peace of mind and stability.
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Flexible Tenure: Choose a tenure that aligns with your financial goals, ranging from a few months to several years.
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Interest Compounding: Enjoy the benefits of compounded interest, which helps accelerate the growth of your savings over time.
Eligibility:
- Individuals, including minors through their guardians, can open Recurring Deposit accounts with Kanjirapally Service Co-Operative Bank.
Documents Required:
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Proof of identity and address
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Passport-size photographs
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PAN card or Form 60/61
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Any other documents as specified by Kanjirapally Service Co-Operative Bank
How to Open:
To open a Recurring Deposit account, visit your nearest Kanjirapally Service Co-Operative Bank branch and speak to our customer service representatives. Our team will guide you through the account opening process and assist with the necessary documentation.