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  1. Home
  2. Products
  3. Deposit
  4. Term Deposit

Products

Deposit
  • Demand Deposit
    • Current Deposit
    • Savings Deposit
  • Term Deposit
Loan
  • Farm Loan Agricultural
    • Short Term Agriculture Operation
    • Self Help Group
    • JLG
  • Farm Loan Allied Agriculture
    • Minor Irrigation
    • Farm Mechanization
    • Fishery
    • Agri-Clinic/Agro-Processing
  • Non-Farm Loan
    • Employees Cooperative Credit Society
    • Housing
    • Personal Loan
  • Agricultural Insurance
Retail Business
  • PAN Card
  • Insurance
    • Atal Pension Yojona
    • LIC’S Group Credit Life Insurance
    • PMJJBY
    • PMSBY
Locker Services
Demat Services

news and event

  • RFP REF NO. WBSCB/TENDER/KASHINAGAR/Interior/1.1 dated 24/02/2022 for SELECTION of VENDOR for COMPOSITE WORK OF INTERIOR FURNISHING ALONG WITH CIVIL WORK, ELECTRICAL WORK, CCTV and HVAC WORK for our KASHINAGAR BRANCH
    Know more
  • CORRIGENDUM-3 : Postponement of RFP No. WBSCB/POS/1.1 dated 29.09.2021 for Procurement of Point-of-Sale Devices
    Know more
  • RFP REF NO. WBSCB/TENDER/Calendar/1.1 dated 10 /11/2021 for SELECTION of VENDOR for PRINTING & SUPPLY OF CALENDAR AND DIARIES FOR THE YEAR 2022
    Know more
  • CORRIGENDUM-2: Extension of Last Date for Bid Submission of the RFP No. WBSCB/POS/1.1 dated 29.09.2021
    Know more

Term Deposit

Term Deposit accounts which are also called term deposit also includes the deposits reveived by the bank for a fixed period and a fixed rate of interest specified in advance. Such deposits are repayable either on Monthly , Quarterly or on the expiry of a specified period as indicated by the depositor. The periodicity of such deposits is generally starts from 7days and extended upto 120 months. All types of customers including Minor can open Term Deposit Account if otherwise categorically restricted. Senior Citizen gets special privilege on Interest rate.
 Type of Terms Deposit are:-

Fixed Deposit :- Interest is calculated on Simple Basis. Payable either on Maturity or quarterly basis.

Monthly Income Scheme:- Popularly known as MIS. Interest is served on Monthly basis as per prevailing Industry practice.

Cash Certificate:- Interest is paid on Maturity,  calculated on Compounded Basis.

Term Deposit with facility U/s 80C as per Income Tax Act. 1961. Tenure minimum 5yrs Lock-in-period and No pre-maturity and Loan against deposit facility.

Recurring Deposit Account:- A Recurring Deposit or cumulative deposit account is a variation of Savings Bank account. It is an account intended to develop habits of savings on regular basis by the depositor with limited means. In this account type the depositor commits to deposit a fixed amount for a fixed period of time (for example Rs 100 every month for 12 months) and gets a lump-sum amount at the end of such period. The depositor does not get any interest in the intervening period. The terms i.e. fixed amount, interval and fixed time period that is decided at the time of opening the deposit can not be altered.

Eligibility

All types of customers including Minor over the age  12 year with few exceptions.

Minimum

 Amount of 

Deposit

Rs50.00 and in multiples of Rs.50 thereof .The installment of any calendar 

month shall be paid on or before the last working day of that month

Standing 

Instruction 

Facility 

Standing instructions are accepted for transfer of monthly installment from 

the depositor's SB or Current Account

Nomination 

facility

Nomination facility is available only for the individual & joint accounts , as 

per ‘ The Co-operative Banks (Nomination) Rules, 1985’

 

Disclaimer

Our Initiatives

West Bengal at a glance

Rate of Interest

Interest rate on deposit Rate of interest on loan

Payment Gateways

CBS ATM & POS RTGS & NEFT NACH & ABPS CTS

Online Report submission

Report by DCCBs Report by Bank Officers

Attention Investors

Unclaimed Deposit

NOTICES

Important Links

NABARD RBI RBI's Financial Education Initiative NPCI SEBI IDRBT NAFSCOB West Bengal Coop. Service commission Sebi Complaints Redress System (Scores)
Tender | From the Desk of Management | Audited Accounts
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