CO-OP. BANK LTD., NAGPUR

Recurring Deposit


Salient Features
  • Money Multiplier Facility - Allow us to take care of your idle money by moving it into high interest recurring deposit account earning. Nirmal Urban Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.
  • Customer Care - Our Customer Care is always available to answer any query or take your instructions.
  • Nomination Facility - You may nominate a person as beneficiary to your account proceeds
  • Liquidity - You may liquidate your account pre-matured / partial by incurring a nominal charges for pre-matured liquidation
  • Loan Facility – Avail up to 80% loan on your recurring deposit amount
Nomination
  • Nomination facility available for kind of deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the prescribed form
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed
  • For more details approach your branch.
Documentation Require for account opening

Identity Proof :

  • Passport
  • PAN card
  • Voter ID card
  • Driving licence
  • Government ID card
  • Photo ration card
  • Senior citizen ID card

Address Proof :

  • Passport
  • Telephone bill
  • Electricity bill
  • Bank Statement with Cheque
  • Certificate/ ID card issued by Post office
* Any other Identity proof or Address proof document can be submitted, subject to the credit society satisfaction.
After lock-in period receive lumpsome amount with handsome interest. 80% loan facility available
Sr. No. Monthly Deposits 1 Year Interest 2 Year Interest 3 Year Interest 4 Year Interest 5 Year Interest
10% 10% 10% 10% 10%
1 Rs. 100/- 1,263/- 2,678/- 4,224/- 5,942/- 7,843/-
2 Rs. 200/- 2,526/- 5,357/- 8,448/- 11,884/- 15,686/-
3 Rs. 300/- 3,789/- 8,035/- 12,672/- 17,826/- 23,529/-
Note :
  • Please produce the original document(s) for verification & a photocopy of each document.
  • Please fill the form in CAPITAL LETTERS using Black ink.
  • Please countersign in case of any overwriting.
  • Please avail of the nomination facility.
  • * Mandatory to provide Permanent address and telephone number.
  • * Mandatory to complete the KYC Norms