Term Deposit Scheme
Recurring Deposit :
Solapur Janata Sahakari Bank providing deposit account which enables a depositor to save by paying into the account an agreed minimum sum of money monthly like "A penny saved is a penny earned" over a stipulated period.
Recurring Deposit can be opened by Individuals/Minors/Institutions/Associations/Regd.Co-op. Societies/Trusts/HUFs
Features & Benefits:
• Minimum initial deposit amount is Rs.100/- or multiples thereof with no. Ceiling for the maximum deposit amount
• Minimum Deposit period is 12 months
• Maximum Deposit period is 120 months
• The Deposits in this type of account will earn compound interest on quarterly basis
• Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made
• Additional Interest Rate for senior citizen
• Nomination facility is available
• Loan can be granted up to 80% of the deposit amount against the pledge of Deposit as per Existing norms
• It is mandatory for the depositor to deposit the core deposit amount every month
Officially Valid Documents:
Two latest passport size photographs and any one of the officially valid documents as Identity and Address proof as below,
1. Passport
2. Driving license
3. PAN Card
4. Voter's Identity Card
5. NAREGA Job Card
6. Aadhar Card
Fixed Deposit :
Solapur Janata Sahakari Bank Providing Deposit Account with motto of "Invest a little bit and earn more" with feature of Automatic compounding of accrued interest which yields higher returns, making your investments grow faster. Ideal for planning your financial commitments for the future.
Eligibility :
A Fixed Deposit Account can be opened by Individuals /Minors /Institutions /Associations /Registered Co-op. Societies /Trusts /HUFs.
Features & Benefits:
• Minimum initial deposit amount is Rs.500/- with no Ceiling for the maximum deposit amount
• Deposit Period ranges from 15 Days to 10 year
• Individual Deposit /Joint Deposit /Deposit in the name of Minors with guardian can be made
• The depositor desires to have interest payment on quarterly / half yearly or yearly basis, he should mention this in the Account Opening Form while opening the account. The Bank will take note of this and pay the interest amount accordingly
• Additional Interest Rate for senior citizen
• Nomination facility is available
• Loan can be granted up to 80% of the deposit amount against the pledge of Deposit as per existing norms
• In case of payment before maturity there will be 1% deduction
Officially Valid Documents:
Two latest passport size photographs and any one of the officially valid documents as Identity and Address proof as below,
1. Passport
2. Driving license
3. PAN Card
4. Voter's Identity Card
5. NAREGA Job Card
6. Aadhar Card