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.

• 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

Savings deposit is a deposit which is intended to promote the habit of savings among the depositors. Any person can open savings deposits account even with a minimum deposit of  Rs.100 and for a cheque facility, there should be a minimum amount of Rs.500.If a person withdraws the full amount from his account that account will be closed.

FEATURES & BENEFITS

• All Branch Banking (Cash Remittance & Withdrawals)
• CTS Cheque Facilities
• Passbook Facilities
• RTGS/NEFT

• Invest little sums every month.
• Facility of standing instructions through which the amount can be debited from your savings account..
• Highest Interest Rate.
• Recurring Deposits accepted equal monthly installments.

ELIGIBILITY: 
Individual, Minor by guardian
CHARGES: 
Penalty for delayed monthly installment