Loans
Term Deposit Accounts
Fixed Term Deposits
New India Co-Operative Bank Limited offers you, your family & friends a variety of Fixed deposits. You can deposit any amount of money starting at a minimum of Rs. 1000/- in your Fixed deposit accounts for durations ranging from 15 days to 7 years. You can opt for the traditional term deposits or choose to reinvest your interest to take advantage of compounding your interest.
Traditional Fixed Deposits:
Interest can be paid at monthly, quarterly, half yearly or on yearly rest as per your choice. The maturity period of these fixed deposits can vary from 15 days to 7 years. Traditional Fixed Deposits provide tax shelter and shield you from interest rate fluctuations over a period of time.
Reinvestment Fixed Deposits
Interest is compounded quarterly and is reinvested with the principal amount. Reinvestment Fixed Deposits can be for duration between 1 year to 7 years.
Features :
- Start with a minimum of Rs. 1000/-
- Loans up to 95% of the principal and accrued interest (in case of Reinvestment Account).
- Nomination facilities available
Documentation Required