The Kodinar Taluka Co. Operative Banking Union Ltd. has an exclusive range of deposit accounts with features to make banking a pleasure for you. Whatever be your profile, we have the right kind of account that suits your financial requirements and lets you enjoy the benefits of easy banking and greater transaction power. Open an account with us and enjoy banking!

Saving Deposit- Savings Bank Account is the most common type of demand deposit. The depositor can open the account, deposit and withdraw money as and when required. There is a minimum balance required to be maintained and a cheque book is also given to the customer to enable withdrawals. The customers can withdraw money using the withdrawal forms prescribed by bank and available at the branch Office.

Minimum Balance Amount:

Rs 1000 with cheque book facility and Rs 500 without cheque book.

Interest Rate:- 3.0%

Fixed Deposit:-

Fixed deposit accounts which are also called term deposit also includes the deposits reveived by the bank for a fixed period and a fixed rate of interest specified in advance. Such deposits are repayble on the expiry of a specified period as indicated by the depositor. The periodicity of such deposits is generally fixed for period of 12 months and above. Any deposit received in the nature of fixed deposits for the period less than 12 months is called “SHORT TERM DEPOSITS”.