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Deposit Scheme

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TJSB Sahakari Bank offers several term deposit schemes for various durations. Our offers include simple reinvestment term deposits at attractive interest rates. These accounts can be opened with an investment of Rs. 1,000/-
You have different needs and we have different type of deposits for you. Choose Wisely.
Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Quarterly Interest By Pay Order / Cash / Credit to Account
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 1,000/-
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Monthly Interest By Pay Order / Cash / Credit to Account
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 1,000/-
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Period of Deposit Minimum 7 days and maximum 365 days
Interest Payment Quarterly Interest payable on maturity
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 1,000/-
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Quarterly Compounded Interest payable on maturity
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 1,000/-
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Period of Deposit Five Years
Rate of Interest As per ROI of regular deposit for the applicable period i.e. 60 months.
Eligible Depositors Single Individual / Joint Deposit (Not More than two individuals as Joint Holders) / HUF
Interest Payment 1.Quarterly
2.Cumulative
Maximum Amount of Deposit Rs. 1,50,000/- (Rs.One Lakh Fifty Thousand Only) Any Individual as a single depositor or bearing first name in the joint deposit can invest total amount not exceeding Rs.1,50,000/- under this scheme
Minimum Amount of Deposit Rs. 5,000/- and in multiples of Rs. 1,000/-
Details to be printed on deposit receipt As mentioned in the notifications, the deposit receipt will bear details such as name,address, PAN no, signature of the depositor etc.
Pledging in the Deposit The deposit under the scheme can not be pledged to secure loan or security to any funding / non funding credit facility for any other purpose
Premature withdrawal Not allowed for this scheme
Additional Interest Rate for Senior Citizen Not Additional rate for this scheme
Benefits Higher Yield + Tax Benefit
Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Quarterly Compounding Interest payable on maturity
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 100/- per month
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Interest Rates on Domestic Term Deposits ( w.e.f. 21.11.2016 )
Particulars Revised for deposit less than Rs. 15 Lacs
General / Co-operative Societies / Banks / Trusts / NRO (p.a.) Senior Citizens **(p.a.)
7 days to 14 days 5.00% 5.00%
15 days to 90 days 5.25% 5.25%
91 days to 180 days 5.50% 5.50%
181 days to 12 months 6.25% 6.25%
Above 12 months to 36 months 7.50% 8.00%
Above 36 months to 60 months 7.25% 7.75%
Above 60 months 7.00% 7.50%
** Interest rate applicable to senior citizens as per above table, will not be applicable for NRO category.

Deposit Insurance

The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system.

To download more information click the following link : DICGC
(Website : www.dicgc.org.in )

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