Deposits
Current Deposit
The Kodungallur Town Co operative Bank facilitates more flexibility to the customers by providing Current deposits scheme. Current accounts at KTCBank provide the convenience to the customers of safety & security of their deposits in addition to quick access to their funds. Current deposit, by nature is for those customers who prefer to transact with the banks more frequently. At KTCBank, customers always enjoy services with a personalized touch. KTCBank is a 100% CBS enabled bank & customers can get the benefit of ‘Any Branch Banking’.
INTEREST RATE OF SAVINGS BANK DEPOSITS - 4%
Latest Updation / Modification as on 06/06/2020
| Interest Rates of Term Deposits | Below 15 Lakhs | Above 15 Lakhs |
|---|---|---|
| 7 Days and Upto & Inclusive of 14 Days | 3.75% | 4.00 % |
| 15 Days and Up to & Inclusive Of 45 Days | 5.00 % | 5.25 % |
| 46 Days and Up To & Inclusie Of 99 Days | 5.50 % | 5.75 % |
| 100 Days and Up to & Inclusive Of 179 Days | 5.75 % | 6.00 % |
| 180 Days and Above But Less Than 1 Year(364 Days) | 6.25 % | 6.50 % |
| 12 Months Only | 6.50 % | 7.00 % |
| Above 12 Months | 6.25 % | 6.25 % |
SPECIAL RATES:
| Single Deposit Of 15 Lakhs And Above For 30 Days | NIL |
SPECIAL RATES FOR SENIOR CITIZENS:
| 12 Months Only | 7.00 % |
| Above 12 months | 6.75 % |
RECURRING DEPOSITS:
| 12 Months to 35 Months | 7.50 % |
| 36 Months to 120 Months | 7.75 % |
- Proprietary Concerns.
- Minors – with Guardian
- Public Ltd. Co. & Private Ltd. Co.
- Customer Information File (CIF) form (for new accounts)
- Account opening form, duly signed by the Proprietor / Partners / Directors.
- Photograph of the Proprietor / Partners / Directors.
- Copy of Partnership Deed / Memorandum / Articles of Association (Public / Pt. Ltd. Co.)
- Copy of Resolution to open an account along with the list of Authorizing Signatories to operate account (in case of Public / Pt. Ltd. Co.)
- Introduction from existing Account holder of the Bank.
- Copy of PAN Card / I.T. Return / Form 60. (Any one).
- KTCBank Convenient Current Deposit Scheme – With Cheque Book Facility (Account can be opened with a balance of Rs. 1000/- only.)
- Personalized CTS Cheque-book facility.
- Standing Instruction Facility.
- RuPay Debit cum ATM Card.
- Free ATM card usage all over the country
- 8 a.m. to 8 p.m. personalised banking
- Fund remittance facility such as issue of Demand Draft, Pay Orders.
- RTGS, NEFT, IMPS & NACH without any service charges
- Non-stop any Branch Banking from 8 a.m. to 8 p.m
- Locker facility available in all branches
- Mobile Banking (Download KashX from Google Play Store)
- Internet Banking
- No extra/hidden charges for cash counting/processing
