Overview
The Varalakshmi Cash Certificate offered by Tumkur Veerashaiva Co-Operative Bank Limited is a unique deposit scheme designed to provide attractive returns on investment. The interest on this deposit is compounded quarterly, and at the time of maturity, the accumulated amount along with the interest is transferred to the depositor’s Savings Bank (SB) account.
Varalakshmi Cash Certificate - Features and Benefits
Maturity Benefits
Lump Sum Payout: At the time of maturity, the principal amount along with the accumulated interest is transferred directly to the depositor’s SB account.
Convenient Transfer: The maturity amount is seamlessly transferred to your SB account through RTGS/NEFT, ensuring quick and hassle-free access to your funds.
Attractive Returns
Quarterly Compounding: Interest is compounded on a quarterly basis, ensuring that your investment grows significantly over time.
Competitive Interest Rates: Benefit from competitive interest rates that enhance the overall returns on your deposit.
Security Investment
Capital Protection: The principal amount is protected, offering a secure investment option.
Reliable Returns: Guaranteed returns on investment, making it a safe choice for conservative investors.
Easy Management
Nomination Facility: Provision to nominate a beneficiary for the Varalakshmi Cash Certificate.
Premature Withdrawal: Facility for premature withdrawal is available, subject to applicable terms and conditions.
Why Choose Varalakshmi Cash Certificate @ TVCB?
High Returns: Enjoy the benefits of quarterly compounded interest rates for maximum growth of your investment.
Secure and Reliable: Trust in a reputable institution known for its customer-centric approach and secure investment options.
Convenient Maturity Payout: Direct transfer of the maturity amount to your SB account ensures easy access to funds.
Customer Support: Dedicated support to assist with any queries or management of your Varalakshmi Cash Certificate account.
How to Open a Varalakshmi Cash Certificate Account?
Documentation Required: Valid ID proof, address proof, PAN card, and passport-sized photographs.
Application Process:
- Collect Application Form: Obtain the Varalakshmi Cash Certificate 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 Varalakshmi Cash Certificate.
For more information or to open a Varalakshmi Cash Certificate account, visit the nearest branch of Tumkur Veerashaiva Co-Operative Bank Limited. Secure your financial future with an investment that offers attractive returns and the convenience of quarterly.