Monthly Income Deposits :

1. Monthly Income Deposit:

A fixed deposit (term deposit) helps you earn more interest income on the invested lump sum amount for a fixed period. The rate of interest varies depending upon the term of deposit. The rate of interest, locked for a fixed period, is unaffected by the change in interest rates or market conditions, thus ensuring guaranteed returns at the end of maturity period. The Fixed deposits can be linked to your savings or current account and the maturity amount can be directly credited to your account. Moreover The Vyankateshwara Sahakari Bank Ltd Ichalkaranji provides insurance cover for the fixed deposits up to Rs. 5.00 Lakhs (Rs. Five Lakhs)

2. Eligibility

An individual (single/joint) account holder, standalone investor, minor by guardians, organizations, co-operative societies, trusts, association, partnership firm, the company can open a term deposit.

3. Facilities Available:-

Premature withdrawal is allowed.
Nomination facility
DIGC insurance for FD value up to Rs. 5.00 (Five) lakhs.
Loan on FD available

4. Document Required

KYC documents for individual / joint customers and guardian (in case of minor).
KYC documents, Resolution copy and Request from authorized signatories in case of trust / association /
Organization / Company with KYC documents of the institution.