Term Deposit – TTC Co-operative Bank Limited

Term Deposit Account

Flexible and secure investment options with guaranteed returns

Term deposit scheme is an attractive scheme to deposit your savings for fix period for 07 days to 36 Months as per your future requirements.
We provide attractive Interest Rates to our Customers from time to time.
We offer additional Interest Rate to Senior Citizens and Super Senior Citizens on term deposits.
Guardian can open Minor’s Term deposit A/c. When minor turns major then at maturity, he/she can withdraw the amount with his/her signature, after providing valid KYC.
We offer nomination facility for all deposit accounts.
We provide quarterly, half yearly, yearly Interest payment to our customers on their existing Fix Deposits as per their instruction. We also provide monthly interest as per RBI guidelines.
Loan and Overdraft facility is available against Term deposit receipt.
The maturity date of Loan and Overdraft Account against Fix Deposit is maturity date of Fix Deposit Receipt.
TDS on Interest income will be deducted as per Income Tax Act.
We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposit are insured up to Rs. 5 Lac.

Important guidelines and regulations you should know

Depositor is required to fulfil KYC norms as per RBI directive.
Customer can Open Fix Deposit A/c with minimum of Rs.500/-
In the case of premature withdrawal of deposit it will observe that what is the period the deposit remained with bank, then the Interest Rate will be compare between present/ Existing rate and the rate at the time of deposit whichever is less will be applicable and 1% penalty will also deduct from interest rate and then the interest calculation will be done on the deposit amount and that interest amount will be payable to the customer.
The Bank having rights of appropriation, set off, lien and change the rules and regulations for the scheme.