Unlock the power of your money by investing at TVCB Ltd. With track record of stability & growth, we offer a range of investment schemes designed to help you reach your financial goals. Whether you’re saving for retirement, for your children’s education or to grow your wealth, our expert advisors are here to guide you.
Fixed Deposit (FD) @ TVCBLTD
Overview
The Fixed Deposit (FD) scheme offered by Tumkur Veerashaiva Co-Operative Bank Limited is designed to help individuals and entities securely invest their funds for a fixed period while earning a competitive rate of interest. This account type is suitable for individuals, trusts, firms, institutions, societies, and other entities looking for a safe and reliable investment option.
Eligibility
- Individuals
- Trusts
- Firms
- Institutions
- Societies
Features and Benefits
1. Secure Investment
- Capital Protection: Guaranteed return on investment with protection of the principal amount.
- Fixed Returns: Earn a fixed rate of interest over the investment period, ensuring predictable returns.
2. Flexible Tenure
- Investment Period: Choose from a range of investment periods as per your financial goals, from short-term to long-term deposits.
- Premature Withdrawal: Facility for premature withdrawal is available, subject to applicable terms and conditions.
3. Interest Payment Options
- Monthly/Quarterly Payouts: Interest on fixed deposits can be paid out on a monthly or quarterly basis, providing regular income.
- Interest Transfer: Interest can be transferred to your Savings Bank (SB) account through RTGS/NEFT or credited directly to your SB account.
4. Easy Management
- Nomination Facility: Provision to nominate a beneficiary for the fixed deposit account.
- Loan Against FD: Avail loans against your fixed deposit to meet urgent financial needs without breaking the FD.
How to Open a Fixed Deposit Account
Documentation Required:
- Individuals: Valid ID proof, address proof, PAN card, and passport-sized photographs.
- Trusts/Firms/Institutions/Societies: Relevant registration certificates, ID and address proof of authorized signatories, PAN card of the entity, and other necessary documents.
Recurring Deposit (RD) @ TVCBLTD
Overview
The Recurring Deposit (RD) scheme offered by Tumkur Veerashaiva Co-Operative Bank Limited is designed to help individuals systematically save money by depositing a fixed monthly installment for a predetermined period. This scheme combines the benefits of regular savings with the advantage of earning a competitive interest rate, which is compounded quarterly. At maturity, the depositor receives the total accumulated amount along with the interest.
Eligibility
Any individual can open a Recurring Deposit Account in their own name.
Features and Benefits
1. Systematic Savings
- Fixed Monthly Installment: Deposit a fixed amount every month, promoting disciplined savings habits.
- Flexible Tenure: Choose a deposit tenure that aligns with your financial goals, typically ranging from 6 months to 36 months.
2. Attractive Returns
- Competitive Interest Rates: Earn a competitive rate of interest on your recurring deposits.
- Quarterly Compounding: Interest is compounded quarterly, enhancing the growth of your savings.
3. Maturity Benefits
- Lump Sum Payout: At maturity, receive the total deposit amount along with the accumulated interest.
- Reinvestment Option: Option to reinvest the maturity amount into another deposit scheme.
4. Easy Management
- Nomination Facility: Provision to nominate a beneficiary for your recurring deposit account.
- Premature Withdrawal: Facility for premature withdrawal is available, subject to applicable terms and conditions.
How to Open a Recurring Deposit Account
Documentation Required:
- Individuals: Valid ID proof, address proof, PAN card, and passport-sized photographs.
Application Process:
- Collect Application Form: Obtain RD / FD Account Opening Form from the nearest branch.
- Fill and Submit: Complete the form with the required details and submit it along with the necessary documents.
- Initial Deposit: Deposit the amount you wish to invest in the fixed deposit.
Why Choose Tumkur Veerashaiva Co-Operative Bank Limited?
- Competitive Interest Rates: Attractive interest rates to maximize your returns.
- Safety and Security: Trusted institution ensuring the safety of your investment.
- Convenient Interest Payouts: Flexible interest payment options to suit your financial needs.
- Structured Savings Plan: Helps inculcate a habit of regular savings with fixed monthly installments.
- Growth of Savings: Benefit from the power of compound interest to grow your savings over time.
- Security and Trust: A reliable institution ensuring the safety and growth of your savings.
- Customer Support: Dedicated support to assist with any queries or management of your FD / RD account.
For more details or to open a Fixed Deposit Account or Current Account, visit the nearest branch of Tumkur Veerashaiva Co-Operative Bank Limited. Start your journey towards disciplined savings and financial growth with a FD / RDÂ account that offers stability and attractive returns.