What are Fixed Deposits ?
The account which is opened for a particular fixed period by depositing a particular amount is known as Fixed Deposit. Fixed Deposit will often used by individuals /firms for storing their money for a fixed period of time for their future use. Bank will provides investors with a higher rate of interest than a SB account until the maturity date. The period of fixed deposits range between 15 days to 10 years. If a customer wants to close the deposit before the maturity date ,the bank will charge 1% penal interest.
How do I start fixed Deposit with TUCB ?
Filled opening form along with two passport size photo, copy of voters identity card or ADHAR ,PAN card must be submitted to concerned branch manager. Opening form will be available from our branches.
Interest Rates
| Period of Deposit | Interest Rate (%) |
|---|
| General | Senior Citizen | Co-Operative Society |
|---|
| 7 days to 14 days | 3.50 | 4.00 | 3.50 |
| 15 to 45 days | 5.50 | 6.00 | 5.50 |
| 46 to 90 days | 6.10 | 6.60 | 6.10 |
| 91 days to 179 days | 6.60 | 7.10 | 6.60 |
| 180 days to 364 days | 7.00 | 7.50 | 7.00 |
| 1 year to less than 2 years | 7.10 | 7.60 | 7.10 |
| 2 years to less than 3 years | 7.00 | 7.50 | 7.00 |
| 3 years to less than 5 years | 6.30 | 6.80 | 6.30 |
| 5 years to 10 years | 6.25 | 6.75 | 6.25 |
| 444 days | 7.10 | 7.60 | 7.10 |
| 600 days | 8.00 | 8.50 | 8.00 |
