Fixed Deposit Account
The Panchmahal District Co-Operative Bank Ltd. offers Fixed Deposit schemes to its customers, providing a secure way to grow savings over a specific period. These deposits allow you to lock in a lump sum of money for a fixed tenure and earn a predetermined interest rate.
Features:
- Fixed Interest Rates: The interest rate on your deposit is fixed for the entire tenure, protecting you from market fluctuations.
- Various Tenures: The bank offers a range of tenure options, allowing you to choose a period that suits your financial goals. Short-term deposits (e.g., 3, 6, or 9 months) are also available.
- Loan against FD: You can avail a loan of up to 90% of your deposit amount, with the interest rate on the loan being slightly higher than the interest rate paid on your FD.
- Premature Withdrawal: The bank allows for premature closure of the deposit, though a penalty (typically a 1% reduction in the applicable interest rate) is applied.
- Nomination Facility: A nomination facility is available.
- Repayment on Maturity: The deposit is repaid on the maturity date as indicated on the deposit receipt.
Who Can Open an FD Account?
- Individuals in their own name.
- Two or more individuals in joint names.
- A guardian on behalf of a minor.
- Clubs, societies, associations, educational institutions.
- Trusts, firms, partnership concerns, joint stock companies.
Required Documents:
- Identity Proof (Passport, Aadhaar Card, Driving Licence, or Voter ID card).
- Aadhaar Card
- Address Proof (Passport, Aadhaar Card, Driving Licence, or Voter ID card).
- PAN card.
- Photographs.
Fixed Deposit Rates
