Term Deposit
Kanjirapally Service Co-Operative Bank offers Term Deposits, a secure and rewarding investment option for individuals looking to grow their savings with guaranteed returns. With flexible tenure options and competitive interest rates, our Term Deposit scheme provides a convenient way to maximize your earnings while preserving your capital.
Key Features:
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Fixed Tenure: Choose from a range of tenure options, from short-term to long-term, depending on your financial goals and liquidity needs.
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Guaranteed Returns: Enjoy peace of mind with guaranteed returns on your investment, providing stability and security for your savings.
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Flexible Interest Payment: Opt for periodic interest payments, such as monthly, quarterly, half-yearly, or annually, to suit your income requirements.
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Automatic Renewal: Upon maturity, your Term Deposit can be automatically renewed for another term, ensuring continuity of earnings on your investment.
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Competitive Interest Rates: Earn attractive interest rates on your Term Deposits, ensuring that your savings grow steadily over the deposit period.
Benefits:
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Financial Stability: Term Deposits provide a stable and reliable investment option, protecting your savings from market fluctuations and volatility.
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Risk-Free Investment: Your deposits are secure with Kanjirapally Service Co-Operative Bank, a trusted financial institution with a strong track record of reliability and stability.
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Diversification: Diversify your investment portfolio by allocating a portion of your funds to Term Deposits, complementing other investment avenues and strategies.
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Tax Benefits: Depending on the prevailing tax laws, you may be eligible for tax benefits on the interest earned on your Term Deposits.
Eligibility:
- Individuals, including minors through their guardians, can open Term 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 Term 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.