Monthly Interest Deposit
Term Deposit
A term deposit is a cash investment held at a financial institution – bank, building society or credit union – for an agreed rate of interest over a fixed amount of time, known as a term. This s the investment where customer gets better returns/interest on their deposits. Bank offers various ranges of schemes in the form of Fixed Deposits where interest is paid to investor's at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits or earlier with a penalty attached.
Janata Urban Co-operative Bank offers following schemes to its customers.
Monthly Interest Deposit Scheme
- Interest amount will be paid Monthly & It is applicable as per term deposits rates table.
- Interest is paid/credited to the Savings/Current/Cumulative account of the depositor.
- The deposit can be placed for 13 months to 36 months
Quarterly Interest Deposit Scheme
- Interest amount will be paid Quarterly & It is applicable as per term deposits rates table. Interest is paid/credited to the Savings/Current/Cumulative account of the depositor.
Fixed/Senior Citizen Deposit Scheme
Mode of calculation of interest on Fixed Deposits for periods less than 12.
- Interest will be paid on quarterly basis and in case the date of interest payment falls on holidays then on the next working day
- Interest will be calculated for the completed months and where the terminal month is incomplete- the actual number of days on the basis of 365 days in a year.
- All Persons of age of 58 years and above will be treated as Senior Citizen and can get the benefits applicable for Sr. Citizens decided by the Bank from time to time. For proof of age valid certificate thereof viz. Voters Identity card or Passport or Birth Certificate or School leaving certificate should be submitted. The senior citizen can open Fixed Deposit Account jointly with other person below the age of 60 years but the first name should be of senior citizen. The scheme is applicable for fresh deposit or renewal of deposit.
Short Term Deposit Scheme
- Bank accepts deposits from general public and others from 15 days to a maximum period of 365 days.
- Deposits for a period of 15 days and above but not exceeding 179 days are classified as Short Term Deposits.
GENERAL :-
- KYC (Know Your Customer) for opening account is applicable for these accounts also hence proof of residence and proof of identification will be required along with recent photograph of the depositor/s.
- Individual/Two or more persons in their joint names.
- Co-operative Societies, Registered Trust, Institutions and Associations etc
- By a natural guardian
Note for all above schemes :-
1. Rate of Interest will be as per RBI directive & as per Bank’s policy from time to time.
2. Premature withdrawal of term deposit is allowed subject to prevailing bank rule.
3. Where a receipt gets matured and in between overdue period, interest would be paid as per interest rate applicable to Savings Bank deposit provided the depositor renews the deposit for a further minimum period as per bank clause. If not renewed then in such case no interest will be paid.
4. Loan against Term Deposit is given immediately as per prevailing rules.
5. TDS is whenever applicable
Interest Rate
| तपशील | सर्वसाधारण नागरीक | ज्येष्ठ नागरीक |
| १५ दिवस ते २९ दिवस | 3.25 % | 3.25 % |
| ३० ते ८९ दिवस | 4.50 % | 5.00 % |
| ९० ते ३६५ दिवस | 5.00 % | 5.50 % |
| १३ महिने ते ३६ महिने पूर्ण | 5.50 % | 5.50 % |
| ३७ महिने व त्यापुढे | 5.70 % | 6.20 % |
*Condition apply.
( एकरक्कमी रु. १५ लाख व त्यापेक्षा जास्त ठेवींसाठी कोणत्याही प्रकारचे जादा व्याजदर लागू नाहीत. )
