New India Co-Operative Bank Limited offers you, your family & friends a variety of Fixed deposits. You can deposit any amount of money starting at a minimum of Rs. 1000/- in your Fixed deposit accounts for durations ranging from 15 days to 7 years. You can opt for the traditional term deposits or choose to reinvest your interest to take advantage of compounding your interest.
Interest can be paid at monthly, quarterly, half yearly or on yearly rest as per your choice. The maturity period of these fixed deposits can vary from 15 days to 7 years. Traditional Fixed Deposits provide tax shelter and shield you from interest rate fluctuations over a period of time.
Interest is compounded quarterly and is reinvested with the principal amount. Reinvestment Fixed Deposits can be for duration between 1 year to 7 years.