Deposit Scheme
Saving Deposit
The Saving Deposit Scheme in a co-operative bank allows customers to deposit and withdraw money anytime while earning modest interest. It promotes regular saving habits with easy access to funds.
Fixed Deposit
The Fixed Deposit Scheme in a co-operative bank involves depositing a lump sum for a fixed period at a predetermined interest rate. It offers higher returns than a savings account with assured capital safety.
Recurring Deposit
A Recurring Deposit (RD) in a co-operative bank allows you to deposit a fixed amount every month for a specified period, earning interest on the accumulated savings. It’s a low-risk investment ideal for disciplined savings with assured returns.
Pigmy (PRAGATHI) Deposit Scheme
The Pigmy Deposit Scheme in a co-operative bank enables daily small savings, often collected by bank agents from customers’ homes or businesses. It helps inculcate regular saving habits, especially among small traders and daily wage earners.
Permanent Deposit Scheme (PDP)
The Permanent Deposit Scheme in a co-operative bank involves a one-time lump sum deposit for a fixed tenure, offering higher interest rates than regular savings. It is ideal for long-term investors seeking steady and secure returns.