These accounts are designed to help the individuals to inculcate the habit of saving money and meet their future requirement. Amount can be deposited / withdrawn from these accounts by way of withdrawal slips. It helps the customers to keep minimum cash at home besides earning interest.
Fixed Deposit is one of the safest investments which offers highest stability. Returns on fixed deposits are assured and there is no risk of loss of principal, also you can option for periodic interest payouts to help you manage your monthly expenses.
Recurring Deposit is a special kind of Term Deposit offered by our Co-operative which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.