Feroke Co-operative Urban Bank
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 Feroke Co-operative Urban Bank
Deposits


1. Fixed Deposits
Deposits for a fixed term and with a fixed rate of interest (simple interest) Interest may be adjusted to your savings / current account in specific intervals. Premature withdrawal allowed (conditions apply) Deposit Loans up to 80% of deposited amount. Deposits of more than 1 year maturity are eligible for Deposit Cash Credit.
 Feroke Co-operative Urban Bank
 

2. Marvel Re investment Plan
Deposits with fixed term and with a fixed rate of interest (compounded quarterly) Premature withdrawal allowed (conditions apply) Deposit Loans up to 80% of deposited amount. Deposits of more than 1 year maturity is eligible for Deposit Cash Credit.
 Feroke Co-operative Urban Bank

3. Flexi Star Deposits
The convenience of Flexibility with the returns of a fixed deposit. Deposits may be for 46 days or 91 days. Automatically renewed with interest after each maturity. Option for 3 withdrawals in multiples of Rs. 1000/-
 Feroke Co-operative Urban Bank
4. Golden Cash Certificate
Ideal for gifting to your loved ones. Cash certificates in multiples of Rs. 1000, 10000 etc. Deposits with fixed term and with a fixed rate of interest (compounded quarterly) Premature withdrawal allowed (conditions apply) Deposit Loans up to 80% of deposited amount. Deposits of more than 1 year maturity is eligible for Deposit Cash Credit.
 Feroke Co-operative Urban Bank

5. Recurring Deposit
Remit small sums (in multiples of Rs. 50/-) monthly, receive a good sum on maturity. Interest compounded quarterly. Can select periods from 1 year upto 8 years.
 Feroke Co-operative Urban Bank

6. Pigmy Deposits (Daily Deposit)
Our agents will reach your office, business place or house to accept the daily amounts. Period of deposit – 1 year (consult our agents for details.)
 Feroke Co-operative Urban Bank

7. Savings Bank Deposits
Interest @ 3.5 % per annum. Interest calculated on daily balance. MICR Cheque Facility. MICR Clearing / Electronic Clearing System (ECS) facility
 Feroke Co-operative Urban Bank

8. Current Account
Interest @ 3.5 % per annum. Interest calculated on daily balance. MICR Cheque Facility. MICR Clearing / Electronic Clearing System (ECS) facility
 Feroke Co-operative Urban Bank

Fixed Deposits, Marvel Re investment Plan, Golden Cash Certificate, Flexi star
Duration Interest Rate
15 days to 30 days 5.50 %
31 days to 90 days 6.50 %
91 days to 179 days 7.50 %
180 days to 364 days 8.50 %
1 year and above, upto 2 years 9.50 %
Above 2 years 9.00 %
Savings Accounts 3.50 %
Current Accounts Nil
Day Deposits 3.00 %
Recurring Deposits 7.50 %
For senior citizens (above 60 years), ½% hike will be allowed for term deposits with simple interest.

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