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Fixed Deposits

Term deposits are accepted for periods not exceeding 10 years except under orders of court or in the case of minor till the date of majority.

Interest rounded off to the nearest multiples of one rupee is paid monthly/quarterly as desired by the depositor.

Deposit receipts are not transferable. Therefore, if payment is to be made to a third party, the depositor should not endorse the deposit receipt but should discharge the receipts and authorize payment to the third party by a letter addressed to the bank.

A minor can open a term deposit account in his own name provided he is over 10 years of age, he can read and write and he can adhere to a uniform signature. The amount of deposit should not exceed Rs.10, 000.00. The minor should declare his date of birth. No advance is to be granted to the minor on the security of the deposit receipt.

Term deposit can be accepted from a guardian on behalf of the minor. Maximum amount on this account should not exceed Rs.50, 000.00. The ceiling can be exceeded if the guardian gives an undertaking that the deposit would not be withdrawn. Deposits are also accepted jointly with the minor.

If the due date falls on a Sunday or holiday, the receipt is payable on the following business day.

Amount of Deposit:

Fixed Deposit can be opened with a minimum of Rs.100.00 and above.

Period of Deposit:

The minimum period for which a deposit can be accepted is 15 days and  the  maximum term  shall not exceed 120 months.

Deposits can also be accepted for any period longer than 120 months in special cases

Who can Deposit:

All the person(s)/Associations etc. eligible to open a bank account are eligible to open FD account. 

TERM DEPOSIT INTEREST RATE 

With effect from 16-06-2017 as noted below.


Sl.
No:

Period

Individuals/
Institutions

Senior Citizen

NRE

Primary Co-op Societies

1.

15 days - 45 days

5.75

6.25

5.75

6.00

2.

46 days - 90 days

6.75

7.25

6.75

7.00

3.

91 days - 179 days

7.25

7.75

7.25

7.50

4.

180 days - 364 days

7.75

8.25

7.75

8.00

5.

1 Year- 2 years

8.25

8.75

8.25

8.50

6.

2 Year & Above

 8.00

 8.50

8.00

8.25 

We allow  ½% additional interest on Fixed Deposits accepted by societies from Senior Citizen and in turn invested with our Bank after obtaining a certificate to that effect from them

News & Events

12-09-2017
IFS Codes of bank/branches has changed
30-08-2017
Tenders invited for Printing and Supply of Calendars and Diaries for 2018
15-06-2017
Revision of Deposit Interest rates with effect from 16-06-2017
05-06-2017
RBI observing Financial Literacy week from June 5-9 across the Country, be a part of it
05-06-2017
Reminiscence of Sri EV Kumaran-Formar bank president held at bank auditorium on 03-06-2017
13-04-2017
Sri A Abdul Rasheed, Joint Registrar of Cooperative Societies has taken charge as Part-Time Administrator of KDC Bank
31-01-2017
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
08-03-2017
KDC Bank Customers have secured cash back concerned with the Lucky Grahakh Yojana declared by central government recently for promoting digital transaction.
03-11-2016
KDCB Bank got Special Recognition award in DCCB Category in Banking Frontiers Awards
01-08-2016
Bank will not ask your ATM Card Number and Secret PIN in any case. beware of such frauds
08-04-2016
RTGS/NEFT Facility is absolutely FREE at Our Bank without any limit.
08-04-2016
NRE account facility is available at all branches of KDC Bank. Fix an appointment with our branch at your convenience..
08-04-2016
Customers can now easily change their existing bank to our bank for AADHAAR Linking. Submit the Mandate Form to our branch immediately
08-04-2016
All type Scholarship Schemes for School going students can be availed through their KDC Bank accounts,
05-08-2016
All our customers can now enjoy the facility of DBT and All AADHAAR based payments. Link your AADHAAR Number immediately
08-04-2016
KDCB RuPay Debit cum ATM Card is acceptable in ATMs/Retail Outlets/PoS all over India. Enjoy the convenience of Cashless Shopping Conact KDC Bank Branch for your ATM card
08-04-2016
Unclaimed deposits Transferred to RBI - DEAF(Depositor Education and Awareness Fund Scheme)-2014 for more details see link Downloads
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