Term Deposit :

Samata Cooperative Development Bank Ltd. offers several term deposit schemes for various durations. Our offers include simple reinvestment term deposits at attractive interest rates. You have different needs and we have different type of deposits for you. Here we have Recurring Deposits, Fixed Deposits, Fixed Deposit Monthly, Fixed Deposit Quarterly etc. You just have to choose the one that is most convenient for you. Here your deposit would attract a good interest within the said period. Term deposits may be opened individually and jointly as well.

• Recurring Deposit :A recurring deposit (RD) is a type of savings account where you deposit a fixed amount of money at a regular interval, usually monthly, for a predetermined period to earn interest. It encourages disciplined saving for short and long-term goals, such as building an emergency fund or saving for a future purchase .

• Fixed Deposits :A fixed deposit (FD) is an investment that allows you to deposit a lump sum of money for a predetermined period and at a fixed interest rate, offering guaranteedreturns unaffected by market fluctuations. You receive the principal amount plus accumulated interest at the end of the tenure, but withdrawing the money before maturity typically incurs a penalty. FDs are popular for their security, high interest rates compared to regular savings accounts, and flexibility in choosing a tenure.

• Fixed Deposit Monthly :A fixed deposit monthly refers to afixed deposit (FD) witha monthly interest where you receive a portion of your interest income on a monthly basis instead of waiting until the deposit matures .

• Fixed Deposit Quarterly :A fixed deposit quarterly refers to a fixed deposit (FD) interest calculated every three months .where you receive a portion of your interest income on a quarterly basis instead of waiting until the deposit matures