Term Deposit (Quarterly Interest Payment)

Grow Your Savings with Regular Quarterly Income

The Term Deposit (Quarterly Interest Payment) scheme at The Citizens Urban Co-operative Bank Ltd., Jalandhar is designed for individuals who wish to earn a steady quarterly income from their savings while keeping their principal safe.

You can choose a deposit tenure between 12 months to 120 months, allowing flexibility based on your financial goals.

Who Can Open:

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

This scheme is ideal for pensioners, homemakers, and investors seeking steady income while ensuring the safety and growth of their hard-earned savings.

Salient Features:

✅ Quarterly Interest Payout: Interest is credited every quarter, ensuring regular income for your needs.
✅ Flexible Tenure: Deposit can be maintained for a minimum of 12 months and up to 120 months.
✅ Nomination Facility Available for added security and peace of mind.
✅ Loan/Overdraft Facility: Avail up to 90% of the deposit plus accrued interest to meet urgent financial needs without breaking your FD.
✅ No TDS Deduction if applicable Form 15H/15G is submitted.
✅ No Penalty on Premature Withdrawal in reinvestment deposits.
✅ Additional Interest Benefits:

0.50% extra interest on deposits above 180 days for senior citizens and pensioners.
0.25% additional interest on single deposits of ₹15 lakhs and above.