Term Deposit (Cumulative)

Grow Your Savings with the Power of Compounding

The Term Deposit (Cumulative) at The Citizens Urban Co-operative Bank Ltd., Jalandhar is one of the safest and most rewarding ways to save your hard-earned money while earning handsome returns through quarterly compounding of interest.

You can choose a flexible deposit tenure from 15 days up to 120 months under schemes designed to suit different needs and life goals.

Salient Features:

✅ Quarterly Compounding: Interest is compounded quarterly, ensuring faster growth of your savings.
✅ Nomination Facility Available for security and ease of succession.
✅ Loan/Overdraft Facility: Avail up to 90% of deposit plus accrued interest in case of need without breaking your deposit.
✅ No TDS Deduction on interest if Form 15H/15G is submitted as applicable.
✅ No Penalty on Premature Withdrawal for reinvestment deposits.
✅ Extra Interest Benefits:

0.50% additional interest on deposits above 180 days for senior citizens and pensioners.
0.25% additional interest on single deposits of ₹15 lakhs and above.
✅ Flexible tenure from 12 months to 120 months as per your planning needs.

Eligibility:

✅ Individuals and Joint Account Holders
✅ Firms and Corporates
✅ Clubs and Societies
✅ Trusts and Institutions

Secure your future while your money grows quietly and consistently with our Term Deposit (Cumulative) scheme.