The Keezhmad Service Co-operative Bank offers its customers a wide variety of facilities to assist them in their requirements. Every facility has been carefully planned and provided, so as to ensure that they get the most out of them. Not to mention the efficiency in which the provision and execution of these facilities are carried out. Have a look at the facilities that we offer:
Savings Accounts
Savings bank accounts are meant to promote the practice of saving and thrift among the public. Any person, based on his/her income level can start SB account. The minimum balance to start an SB. account is only Rs. 100/.
Documents Required for opening Bank Account
- Prescribed application form
- Passport size photograph
- ID proof: Passport/Voters ID/aAadharcard/Driving license
- Address proof: Ration card/Gas connection book/Telephone bill/Electricity bill/Bank passbook
Fixed Deposits
A Fixed Deposit offers you something more than a normal savings bank account does. It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Fixed Deposits are generally very safe investments and are used to denote a larger class of investments with varying levels of liquidity. Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity.
Note:A person having the age above 60 can get 0.5% extra rate on fixed deposit
Interest Rates
| FD Duration | Interest Rate (%) | Valid From |
| Upto 30 Days | 6.00% | 31/03/2024 |
| 46 – 90 Days | 6.50% | 31/03/2024 |
| 91 – 179 Days | 7.25% | 31/03/2024 |
| 180 – 364 Days | 7.50% | 31/03/2024 |
| 12 to 23 Months | 8.25% | 31/03/2024 |
| 24 Months & Above | 8.00% | 31/03/2024 |
| Senior Citizen .50% extra |
Current Accounts
Keezhmad Service Co-operative current accounts are specially designed for business people and enterprises such as proprietors, partnership firms, public and private companies, trusts, association of persons and so on, both large scale and small scale. These come to you with a lot of special features and facilities that would help you deal with your financial activities in a convenient and smooth manner; especially in cases when you have a higher number of regular transactions like deposits, withdrawals and multiple transactions.
MDS
61 monthly deposits schemes of carious denomination are conducted by the bank .Sanction has been obtained to start MDS worth Rs.5 lakhs and 10 lakhs.
Recurring deposits:
In order to develop saving habit among the members bank is accepting monthly recurring deposit of Rs 100/- and its multiples. To develop saving habit in children bank has started recurring deposit schemes in the name of children
Daily Deposits
This is a convenient banking scheme where an authorised Bank agent collects the money you wish to deposit, at your doorstep.This scheme promotes saving habits among children, housewives, professionals, salaried people, shopkeepers, small traders and businessmen.
Individuals can choose a deposit period of either 3 or 50 months,