A reliable and secure way to grow your savings! Our Fixed Deposit (FD) Account provides attractive interest rates with guaranteed returns, helping you achieve your financial goals.

Key Features & Benefits:

✔ Flexible Deposit Options:

• Minimum deposit amount: Rs. 1,000/-
• Maximum deposit amount: No Upper Limit
• Tenure options ranging from 7 days to 10 years.

✔ Attractive Interest Rates:

• Competitive interest rates for general customers.
• Special higher interest rates for senior citizens.
• Exclusive benefits and rates for bank staff.
• Check the latest Rate of Interest page for up-to-date interest rates.

✔ Guaranteed Returns:

• Interest compounded quarterly, paid at Calendar quarter basis, or as per chosen scheme.
• Safe and risk-free investment with assured growth.

✔ Premature Withdrawal Facility:

• Allowed as per bank policy with nominal charges.
• Interest paid on premature withdrawal as per applicable rules.

✔ Loan Against FD:

• Avail loans against your FD balance at attractive interest rates.
• Get up to 90% of your FD amount as a loan.

✔ Additional Customer Benefits:

• Helps in secure wealth accumulation with fixed returns.
• No market risks involved, ensuring financial stability.
• Simple account opening process with minimal documentation.
• Option to auto-renew FD upon maturity for continued earnings.
• Nomination facility available in favour of individual only.
• Joint FD accounts can be opened with family members.
• Deposits qualify for tax benefits under applicable sections of the Income Tax Act.
• Available at all branches of The Mahendragh Central Co-op Bank Ltd.

Eligibility:

• Any individual customer, senior citizen, or bank staff can open an FD account.
• Minors can open an account under guardianship.

Documents Required to Open an FD Account:

• Identity Proof: Aadhaar Card / PAN Card / Voter ID / Passport
• Address Proof: Aadhaar Card / Utility Bills / Rent Agreement
• Passport-sized Photographs
• Duly Filled Account Opening Form

Terms & Conditions:

• Interest rates are fixed at the time of deposit and remain unchanged during the tenure.
• Premature withdrawal is subject to applicable charges and reduced interest rates.
• Loan against FD is available after maintaining a minimum tenure as per bank guidelines.
• TDS (Tax Deducted at Source) is applicable on interest earned as per government regulations. TDS at prevalent Income Tax rate is deducted if Form 15G/15H is not submitted.
• The bank reserves the right to modify interest rates and policies as per regulatory guidelines.

How to Open an FD Account?

Visit your nearest branch of The Mahendragh Central Co-op Bank Ltd. with necessary documents to start your Fixed Deposit today! Secure your financial future with guaranteed returns.

For more details, contact our customer care or visit your nearest branch!