Janata Sahakari Bank Ltd. has over 110 years of banking, with more than 47 branches. This scheduled cooperative bank has a business of around Rs. 11,800 crore. Janata Sahakari Bank registered a 15.52% hike from the previous year in its deposits at the end of March 2015 and net worth of Rs. 415.27 crore, up 22.16% from March 2014.
Janata Sahakari Bank offers flexible tenors and attractive interest rates for its fixed deposit schemes. It offers different types of fixed deposit schemes, apart from the regular term deposits. You can open an FD account individually or have a joint fixed deposit with up to 4 persons. Let’s take a look at each of them and their features:
Term Deposit Schemes
Shubhashish Deposit Scheme
Mukta Deposit Scheme
The tenure of this scheme is 45 days.
To open a fixed deposit account with the Janata Sahakari Bank, you need to:
To open a fixed deposit account with Janata Sahakari Bank, the following needs to be done:
It depends on the scheme you have chosen. While some schemes have no penalty on premature withdrawal, for some you may have to pay a small amount as penalty.
Yes. The fixed deposit for a minor will have to be opened under the supervision of a guardian who should be above 18 years of age. This guardian has to handle all transactions of an account in the name of a minor until the minor is 18 years old.
Janata Sahakari Bank allows you to take loans against long-term fixed deposits. The deposit certificate will be considered as collateral and up to 90% of your total deposit amount can be taken as loan.
Most of the FD schemes of Janata Sahakari Bank offer nomination facility. While applying for the deposit scheme, you can name one person as a nominee for your money. The nominated person will receive the amount on maturity if the original account-holder dies before the end of the scheme tenure.