Samruddhi Sahakari Bank
Interest Rate On Fixed Deposit
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Term of Fixed Deposit
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All-Common Depositors
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Senior citizens above 60
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Co-operative Societies
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7 days to 14 Days
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15 days to 90 days
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91 days to 180 days
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181 days to 1 year
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Deposits
Short Term Deposit
Short-term deposits are a good option for those who want to park their money for a few months and earn a steady return (interest) on it. These deposits typically have a tenure ranging from 7 days to 12 months. They offer a higher interest rate compared to regular savings accounts. In case of an emergency, the money can be withdrawn before maturity, though a small penalty may apply. These deposits are useful for meeting financial goals over a short period.
Recurring Deposit
Our bank offers a Recurring Deposit (RD) facility for customers, which is ideal for regular savings. Under this scheme, customers can deposit a fixed amount every month and receive a lump sum along with interest after a specified period. We offer attractive interest rates and secure deposit options. Facilities such as online payments, mobile banking, and premature withdrawal are also available. This scheme is beneficial for students, salaried individuals, and retirees alike.
Long Term Deposit
Our bank provides long-term deposit facilities for customers, which are suitable for long-term investments and wealth creation. The tenure for these deposits typically ranges from 5 to 10 years or even longer. We offer attractive interest rates and compound growth on this scheme, which helps the deposit amount grow significantly over time. This facility is ideal for retirement planning or achieving long-term financial goals. In case of premature withdrawal, a small penalty may be applicable.
Quarterly Interest Deposit
This scheme provides depositors with the facility to earn interest every three months. It is especially useful for individuals who need regular income, particularly retirees. The principal amount remains intact while earning attractive interest. The quarterly interest is directly credited to the customer’s account. The scheme also offers flexible tenure options and the facility for renewal.
Cumulative Deposit
Our bank offers this facility where the principal amount and the interest earned are compounded every three months and paid out as a lump sum at the end of the term. This scheme is suitable for customers who do not require regular interest payouts and wish to grow their money over time. The longer the investment duration, the higher the returns. It is ideal for major expenses such as education, marriage, or home purchase. Customers can choose the deposit tenure based on their specific needs.
Schemes
Dam Duppat Scheme
The Dam Duppat Scheme is a fixed deposit plan in which the amount deposited by the customer doubles after a specified period. This scheme is ideal for customers who are looking for a safe and steady growth of their savings. The interest rate and deposit tenure are pre-determined, ensuring guaranteed returns. It carries lower risk compared to stock market investments. This is an excellent option for future financial planning or making a substantial one-time saving. This facility is available at our bank.