TERM DEPOSIT SCHEME
Shri Mamasaheb Pawar Satyavijay Co.Op. Bank offers various ranges of Term deposit that suits investor’s requirements in the form of Fixed Deposits where interest is paid to investors at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits. Satyavijay bank also help investors to cultivate the habit of monthly savings with the help of its Monthly Recurring Deposit schemes where investors can even start with a very nominal amount of Rs. 100 per month.
Nature of Depositors
Term Deposit Account can be opened by:
- Individual – Single or Joint
- Minors – with Guardian;
- Societies & Trusts
- Hindu Undivided Families (HUFs)
Checklist
- Customer Information File (CIF) form (for new accounts)
- Account opening form, duly signed by the account holders
- Introduction from existing account holder
- Photograph of account holders
- Photo identity such as photocopy of PAN Card, Driving License
- Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc.
Various Term Deposit Scheme Available With Us Includes
- Fixed Deposits (FD) – Interest is paid to investors at regular intervals
- Re-Investment Benefit Deposits (RBD) – Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits
- Monthly Recurring Deposit (MRD) – Schemes where investors can even start with a very nominal amount of Rs. 100 per month