Term Deposits

Term Deposits

Marayoor Service Co Operative Bank offers various ranges of Term deposit that suits investor’s requirements in the form of Fixed Deposits, where interest is paid to investor’s at regular intervals, Idukki Vikas Pathra scheme is where interest gets compounded and accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits. Rate of Interest on Term Deposits are according to the circulars from the Registrar of Co-operative Societies, Kerala from time to time.

Term Deposit Account can be opened by

• Individual – Single or Joint
• Minors – with Guardian
• Regd. Societies & Trusts
• Hindu Undivided Families (HUFs)

Document Required For Opening a Term Deposit

• One Passport size photograph.
• Account opening form, duly signed by the account holders.
• Photo identity such as photocopy of PAN Card, Driving License.
• Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc.