Deposits

Navigating the Financial Landscape

At Panangad Co-operative Urban Society Limited. No. D 2803, your savings are safe, secure, and growing. We offer a variety of deposit schemes tailored to meet your financial goals—whether you're saving for the short term, long term, or simply looking for a safe place to park your funds.

With competitive interest rates, flexible tenures, and the trust of a century-old institution, we are your ideal financial partner.

Types of Deposit Schemes We Offer
Savings Deposit:

A regular savings account for individuals and families to manage everyday banking with attractive interest and easy withdrawal facilities.

Fixed Deposit (FD):

Earn higher returns by investing a lump sum amount for a fixed tenure. Choose from flexible durations and enjoy secure, stable growth.

Recurring Deposit (RD):

A regular savings account for individuals and families to manage everyday banking with attractive interest and easy withdrawal facilities.

Daily Deposit Scheme (DDS):

Perfect for small traders and daily wage earners. Make small daily contributions and build a lump sum over time with interest.

Current Account:

Designed for businesses and professionals to handle frequent transactions with ease. No limit on withdrawals and access to value-added services.

Senior Citizen Deposit Schemes:

Exclusive fixed deposit options for senior citizens with higher interest rates and added benefits for their financial security.

Tax Saver Deposits

Avail tax benefits under Section 80C while earning assured returns over a 5-year lock-in period.

Types of Deposit Schemes We Offer
  • Assured Returns
  • Flexible Tenures
  • Safe & Transparent Practices
  • Nomination Facility
  • Online Access (MyBank App)
  • Personalized Support

Start your journey towards financial security today with Panangad Co-operative Urban Society Ltd. Your trust, our responsibility.

Interest rate of Deposits
Maturity Period Gen. Public (p.a.) Sr. Citizens (p.a.)
15 days to 45 days 5.50% 6.00%
46 days to 90 days 6.00% 6.50%
91 days to 179 days 6.75% 7.25%
180 days to 364 days 7.00% 7.50%
1 Year to 2 Year 8.25% 8.75%
2 Year and above 8.00% 8.50%
Recurring Deposit
1 Year 6.75 %
2 Year to 8 years 6.50 %
Savings Deposit 4.0 %