Fixed Deposit

Savings has been an essential part of all the earnings, we at Thalassery Service Co-operative Rural Bank, help you earn more on your savings by offering various schemes which come with suitable tenures and attractive interest rates. Fixed Deposit offers you something more than a normal savings bank account does. It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Fixed Deposits are generally very safe investments and are used to denote a larger class of investments with varying levels of liquidity. Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity. The customers have the option to choose from a number of duration periods and decide on what is convenient and most suited for their requirements. You have the facility to close the account at any time with 1% reduced ROI.

• Open a Fixed Deposit with us and Earn attractive ate of interest on your savings
• Interest can be withdrawn in option monthly / quarterly
• Account can be opened for a minimum period of 15 days to 120 months
• Auto renewal facility
• Premature withdrawal permitted
• Loan up to 90% of FD amount
• Standing instruction is accepted for transferring the interest