Deposits
Savings Bank Account
A Savings Bank account is meant to promote savings habit among people. It also helps in bringing financial discipline among the people. KTCBank Savings Bank accounts facilitate people to access accounts at the time of financial needs. There is not only safety to these deposits as well as return in the form interest at a fixed rate, currently it is 4.00% p.a. At KTCBank, customers always enjoy services with a personalised touch. The Kodungallur Town Coop Bank 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 25/10/2019
| 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 | 7.50% |
| Above 12 months | 7.25% |
RECURRING DEPOSITS:
| 12 Months to 35 Months | 7.50 % |
| 36 Months to 120 Months | 7.75 % |
- Individual – Single or Joint
- Minors – with Guardian
- Regd. Institutions & Trusts (Charitable)
- Customer Information File (CIF) form (for new accounts)
- Account opening form, duly signed by the account holders
- Introduction from existing account holder
- Photograph of account holders
- Photo identity such as photocopy of PAN Card, Aadhaar, voters ID, Driving License, etc…
- Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc…
- If the address in Aadhaar, voters ID, Driving License, etc… (ID Proofs) is same as the residence address,
the separate residence address proof is not required.
- KTCBank Saving Bank Scheme – With Cheque Book Facility (Account can be opened with a balance of Rs. 500/- only.)
- KTCBank Saving Bank Scheme – Without Cheque Book Facility (Account can be opened with a balance of Rs. 100/- only.)
- KTCBank Salary Saving Scheme (SSS) – Group Salary SB scheme (Account can be opened with a balance of Rs. 10/- only.)
- KTCBank No-frills (Zero balance) Saving Bank Scheme – Account with Zero Balance (conditions apply) without any type of service charges.
- KTCBank Minor Saving Scheme – A Minor who attains the age of 10 (Ten) he/she can operate savings account individually for his/her small needs.
- Nomination Facility
- Personalized 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
