Panangad
Service Co-operative Bank
Panangad
Service Co-operative Bank
A Fixed Deposit (FD) is a secure investment option where you deposit a lump sum amount for a fixed period at a predetermined interest rate. The principal amount and interest earned are guaranteed, making it a stable choice for those looking to grow their savings with low risk.
A Current Deposit is a type of bank account designed for businesses and individuals who need frequent access to their funds. Unlike savings accounts, current accounts usually do not earn interest. They are suitable for managing day-to-day transactions, and there may be certain transaction limits.
Savings Deposit is a common account for individuals looking to save money while earning a modest interest. It offers the flexibility of withdrawals and deposits, making it ideal for personal savings goals. The interest rates are typically higher than current accounts, and some restrictions may apply to the number of withdrawals.
A safe deposit locker is like a super-secure storage space that you can rent at a bank. It's like having your own secret box inside a super-safe room. You can keep your most important things there, like jewelry, important papers, or anything valuable. Only you (and maybe someone you trust) can open it. We take care of it to make sure your stuff stays safe. It's like having a secret treasure chest at the bank. The locker facility is available at the Balusserymukku and Kinalur branches. The bank offers 3 types of lockers such as small, Medium, and Large..
A Recurring Deposit (RD) is a systematic savings plan where customers contribute a fixed amount regularly over a predefined period, normal tenure is 60 months. RDs usually offer higher interest rates than regular savings accounts and are suitable for individuals looking to build savings gradually. The interest is compounded at regular intervals.
We offer deposit for non-Keratitis who are working within the bank's jurisdiction. Such an investment scheme is being launched to strengthen the government's policy of calling migrant workers as guest workers. Through the bank's mobile app facility, migrant workers get all banking services including sending money back home.