Kalpataru Cash Certificate/ Samruddhi Deposit Certificate 

The Sirsi Urban Sahakari Bank Limited, offers several term deposit schemes for various durations. Our offers include simple reinvestment term deposits at attractive interest rates. These accounts can be opened with any amount.  Fixed Deposit Account can be opened by any person. This account will be opened for a fixed amount of deposit for a fixed tenure at the prescribed rate of interest. In this deposit, depositor has the option to withdraw Interest amount Monthly/Quarterly/Half Yearly or Yearly as per the requirement of the depositor. Minimum period of deposit is 15 days.

Loan is available against such deposits to meet your exigency requirements immediately. 

The deposits are covered under Deposit Insurance and Credit Guarantee Corporation of India up to Rs.5.00 lakh. The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (is wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system in India. 

Interest on deposits may be paid without TDS on submission of Form 15 G/ 15H.  Additional rate of interest is offered on Senior Citizen deposits and bulk deposits.

 Eligible to operate a Term Deposit Account  

• Individual – Single / Joint account
• Minor – Operated by guardian natural / appointed by court
• Trust – Private / Public
• Partnership firm
• Limited company – Private / Public
• Club, Association &  Society  

To open Term Deposit Account, you just need to provide

• Duly completed account opening form
• Pan card /FORM 60- if, no Pan card
• Proof of Residence of the applicant(s)
• Proof of  Photo Identification of the applicant(s)
• Proof of Age in case of senior citizen
• One recent passport size color photographs of Partner(s) / Director(s)
• Introduction by an existing customer, whose account is at least 6 months old OR
• Introduction letter of your existing bank verifying signature
• Submit Partnership deed with Registration receipt in case of Partnership firm
• Submit Memorandum of Association, Article of Association, Resolution in case of Company
• Board Resolution / Resolution in case of a company, an association