A fixed deposit is meant for those investors who want to deposit a lump sum of money for a fixed period; say for a minimum period of 46 days to three years, thereby earning a higher rate of interest in return.
Fixed Deposit account is an excellent saving method to grow your money over a period of time. Interest rates on fixed deposit schemes are generally higher than the interest on savings accounts. If you invest in fixed deposits, you can get higher returns for the same amount of money in a savings account in the same period of time.
Banas Bank's fixed deposit scheme is one of the most common savings scheme for an average investor. Fixed deposit also gives a higher rate of interest than a savings bank account. Banas Bank offers several fixed deposit schemes to choose from, depending on your chosen preferred term period (short-term or long-term). This range of choices makes fixed deposits a convenient option for a range of investors, from salaried employees to self-employed professionals to senior citizens.
Some of the facilities offered by bank on fixed deposit are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to under control of the Reserve Bank of India.
As low-risk instruments, fixed deposit investments offer both, security and competitive interest rates on your principal amount.
Why Fixed Deposit with Us?
Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loan up to 75- 90% of the deposit amount from bank against fixed deposit receipts. The interest charged will be 1% more than the rate of interest earned by the depositors. We give best interest rate on fixed deposit. Click Here to view interest rate based on investment period.Saving/Current acoount is must for opening fixed deposit accounts.
The Banaskantha District Central Co-operative Bank Ltd.
Head Office, "Banas Bhavan"
Deesa Highway, Palanpur. Pin-385001
02742-261305 / 02742-261145
PA to Chairman:- 02742-252501/252485
Mobile Banking & Internet Banking Query
+91 94291-17839 / +91 93275-39638