Term Deposit (Simple)

Simple, Secure, and Steady Growth for Your Savings

The Term Deposit (Simple) at The Citizens Urban Co-operative Bank Ltd., Jalandhar is a safe and straightforward way to grow your savings while earning attractive returns on your hard-earned money.

Choose a flexible deposit tenure starting from 15 days up to 120 months, with plans designed to suit your unique savings goals.

Who Can Open:

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

With our Term Deposit (Simple), your money grows steadily while remaining secure, easily accessible, and earning you consistent returns.

Salient Features:

✅ Flexible Tenure: Open for as little as 15 days or up to 120 months as per your needs.
✅ Attractive Interest Earnings: Earn interest from day one with easy tracking of your returns.
✅ Nomination Facility Available for peace of mind.
✅ Loan/Overdraft Facility: Avail up to 90% of your deposit plus accrued interest in case of urgent financial needs without breaking your deposit.
✅ No TDS Deduction 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.