The Nakodar Hindu Urban Coop. Bank Ltd. offers Fixed Deposit (FD) accounts to provide customers with a safe and secure way to grow their savings with guaranteed returns. FDs are ideal for individuals, businesses, and senior citizens looking for steady income and financial security.

Key Features

►  Secure investment with fixed returns

►  Attractive interest rates as per Bank norms

►  Flexible tenure options ranging from 7 days to 10 years (as per Bank policy)

►  Premature withdrawal allowed subject to Bank terms

►  Auto-renewal facility for convenience

►  Option for cumulative or monthly/quarterly interest payouts

Eligibility

►  Individuals, senior citizens, trusts, and institutions

►  Members of the Bank as per cooperative rules

►  KYC documents required for account opening

Benefits

►  Safe and risk-free investment option

►  Helps in financial planning for short- and long-term goals

►  Higher interest rates for senior citizens

►  Can be used as collateral for loans or advances

Account Operation

►  Single deposit or recurring deposits allowed (as per scheme)

►  Maturity proceeds can be withdrawn, reinvested, or credited to savings/current account

►  Passbook or statement facility available for easy tracking