Deposit
Pazhuvil service co.op bank receives fixed deposits from members. Term of FD 15 days-10days.The interest rate of fixed deposits as fixed by the Registrar of co.op societies. Special provision 0.5% additional interest for senior citizen.
| Days |
Interest rate |
Sr.citizen |
| 15 days-45 days |
4.75
|
5.25 |
| 46 days-90 days |
5.25 |
5.75
|
| 91 days-179 days |
5.75
|
6.25 |
| 180 days-364 days |
6.25 |
6.75
|
| 365 days-690 days |
6.75
|
7.25 |
| 12 months -23 months |
6.75
|
7.25 |
| 24 months -120 months |
6.5
|
7 |
Savings account
The savings accounts provide you a complete banking convenience & financial package to access your money with easy .we offer you a range of savings account for optimal management of your money
Initial deposit for opening the account: Rs 100/-
Documents required for opening the account: Account opening form (AOF), Identity & Address as per KYC Norms photo related documents in case of associations HUF, clubs, Trust, Society, etc
Nomination facility: Available to eligible persons as per rules.
Current Accounts
Here’s something truly special for business people. The pazhuvil service co.op bank current accounts are specially designed for business people & enterprises. Such as proprietor, partnership firms, Public & private, companies, Trust, The association of persons, etc…
The advantage of the current account is that money can be deposited and withdrawn at any time without going any kind of notice. Moreover, it is also suitable for making payments to creditors by making use of cheques in a current account. Cheque received from customers can be deposited for collection too.
Recurring Deposit
Recurring deposits are from deposits more or less like fixed deposits in their very nature. They are made for specified periods of time like a year or more. The interest rate for them is the same and that is applicable to fixed deposit. You just need to add fixed amounts (Multiple of Rs 100/-)of money to it on a monthly basis for periods of 12,24,36 or 60 months. The difference is that you have to wait until a maturity period in case you wish to withdraw the deposit.
Daily deposit
Daily deposits let daily income earners save their daily earnings with attractive returns. An authorized agent of psc collects daily deposits from the customer's doorstep. An ideal product for those who are into business/self-employment. Premature closure with applicable penal cuts possible. Loan facilities are available for a daily deposit against the amount present in your deposit amount.
Cash certificate
This is among our most popular fixed face value plans earning a higher rate of interest on your savings .loans against such deposits are also provided. Deposits can be made for periods of 8 years.
Loan
KCC
Pazhuvil service coop bank offers facilities for Kissan credit cards. It is a credit delivery system that is gone for empowering farmers to have fast and convenient access to moderate credit.
Some highlights of the kissan credit card
- All farmers including little and negligible ranchers tenant farmers and inhabitants are qualified for this Kissan credit card.
- Farmers can utilize to take any time credits
- Offers insurance coverage
- The interest rates for this agricultural short term loan is 7 % .if this amount availed is Rs 3 lakh or below.
- The quantum of the loan depends on the scale of finance/accepted unit cost or project cost.
Whatever subsidy is available it would be linked with the borrower account
Gold loan
Pazhuvil service cooperative bank offers a wide range of gold loans with Pazhuvil service co.op bank. Gold loan service the process takes no more than just a few minutes of your valuable gold to generate cash.
Highlights
1. Quick loan disbursal
2. Minimal documents
3. Attractive interest rates
4. Complete safety of jewels
5. Gold loan schemes are in 1 month,2 months,6 months
6. A class & c Class members are eligible for availing gold loan
| Type |
Amount |
Rate |
| Gold loan (6 months) |
3200 |
10-11-11.5 |
Gold loan new(1 month)
|
3300 |
8.5 |
| Gold loan special(2 months) |
3300 |
9 |
Business Loan
A businessman always requires cash for rolling purposes and also to meet their daily running costs. With anticipated money, no business enterprises can keep moving forward and so the best possible way to keep the game alive is to relay on the business loan. We understand the needs & nature of various businesses and assisted them in meeting their quick requirements by issuing the business loan.
Highlights
1. Maximum limit-50000
2. Period of them-120 Months
3. Authorized doorstep collection agents.
Housing loan
The Pazhuvil service co.op bank has housing loan services that would help you to own your dream house. Loan amounts are sanctioned up to 10 lakh ( for 10 years) and with the special interest rate to reduce the financial load over you. These loans are passed in very short periods of him without trouble and lets you pay your installment well on time. These loans are not just for new homes. We also help you renovates and repair existing properties through these housing loans.
Mortgage loan
One of the most widely preferred loans today, property loans are an easy way to get instant cash for big requirements.You can pledge your property and be eligible for a loan up to 25 lakh. There aren’t too many formalities to get it cleared and you can feel relaxed as you would be able to quickly meet your needs.
Documents required
- Title deed
- Prior title deed
- Tax receipt for the years
- Encumbrance certificate for 13 years
- Building tax
- Possession & location certificate from village section
- Copy of Aadhar card
- Passport size photo
Vehicle Loan
We provide a special loan scheme, especially for ladies to buy a two-wheeler. Simple loan procedure as follows
Maximum Limit -50000
Interest rate -11%
Duration -36 months
Surety -One A class member & vehicle Hp in RTO office
Home equipment loan
Maximum limit -25000
Interest rate -11%
Duration -36 months
Surety- 3 A-class members
Deposit loan
90% of the fixed deposit amount
Interest rate -2 % of the Fd Int.Rate
Simple loan
Maximum Limit-25000
Interest rate -12.5%
Duration -18 Month
