Nature Of Depositors :
Term Deposit Account can be opened by :
- Individuals
- Corporate Entities (Proprietor Firm, partnership firms, private and public limited companies, HUFs/specified associations, societies, trusts etc.)
Various Term Deposit Scheme Available with Us Includes :
- Fixed Deposits (FD) – Interest is paid to investor’s at regular intervals.
- Re-Investment Benefit Deposits (RBD) – Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits.
- Monthly Interest Fixed Deposits (MIS) – Investor receives an accumulated Monthly amount every month end up to the end of tenure of deposits.
- Quarterly Interest Fixed Deposit (QIS) – Investor receives an accumulated quarterly amount every quarter end up to the end of tenure of deposits.
- Monthly Recurring Deposit (MRD) – Schemes where investors can even start with a very nominal amount of Rs. 100 per month
General Requirement for any types of above deposits
- Requirement as per Savings Accounts or having any type of account which is KYC completed with our any branch
The Co-Operative Bank of Rajkot Ltd offers various ranges of Term deposit that suits investor’s requirements in the form of Fixed Deposits where interest is paid to investors at monthly or quarterly intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits.
The Co-Operative Bank of Rajkot Ltd also help investors to cultivate the habit of monthly savings with the help of its Monthly Recurring Deposit schemes where investors can even start with a very nominal amount of Rs. 100 per month.
Revised Interest Rates w.e.f. 1-DEC-2023 for Domestic Rupee Deposits: