The Cumulative Deposit Account offered by The Jamkhandi Urban Cooperative Bank Ltd is a disciplined savings option designed to help customers build a substantial corpus through small, regular monthly deposits. This scheme is ideal for individuals who wish to grow their savings steadily over a fixed period while earning attractive returns.
Key Features
⇒ Monthly Deposit Savings Plan: Customers deposit a fixed amount every month, making it convenient and budget-friendly.
⇒ Attractive Interest Rates: Earn competitive interest on cumulative monthly deposits, ensuring long-term financial growth.
⇒ Flexible Tenure Options: Choose from various deposit periods as per your financial goals.
⇒ Safe & Secure Investment: Your savings remain protected with the reliability of the bank.
⇒ Auto-Renewal Option: Facility to renew the deposit upon maturity for uninterrupted savings.
⇒ Premature Withdrawal: Allowed as per bank rules, ensuring convenience during emergencies.
Benefits
1. Helps inculcate monthly saving habits.
2. Suitable for future financial planning such as education, marriage, or asset creation.
3. Higher maturity value due to interest compounding.
4. Simple account opening process with minimal documentation.
Eligibility
Individuals, joint account holders, and minors (through guardians) can open a Cumulative Deposit Account.