Deposit Schemes

A deposit scheme is a secure way to hold your money with the bank, often earning interest on the amount deposited. It’s a smart, simple way to grow your savings while keeping your money safe and accessible when needed.

Fixed Deposit

A Fixed Deposit (FD) is a secure investment that offers guaranteed returns over a fixed term. You deposit a lump sum for a chosen period at a fixed interest rate, earning more than a regular savings account. With no market risks, it’s ideal for those seeking a safe, predictable way to grow their money, while enjoying peace of mind.

Recurring Deposit

A Recurring Deposit (RD) lets you save a fixed amount every month for a set period, offering guaranteed returns at maturity. It’s a great way to build a disciplined savings habit without needing a large upfront sum. With the security of assured returns and flexible tenure options, RDs are perfect for those seeking steady, predictable growth while maintaining control over their monthly finances.

Re-Investment Policy

The Re-Investment Policy allows you to maximize your wealth by compounding the interest earned on your Fixed Deposit. With interest added to the principal quarterly, this strategy enhances your returns over time, making it an excellent choice for long-term savers. By reinvesting your earnings, you can watch your savings grow steadily, ensuring a more rewarding financial future.

Daily Deposit

The Daily Deposit Scheme is designed for individuals with variable incomes, such as small business owners. This convenient option allows you to deposit small amounts daily, gradually building a substantial savings corpus over time, all while enjoying attractive interest rates.

At Secunderabad Bank, we take pride in offering a unique service where an authorized agent collects your daily deposits right from your doorstep, making saving effortless. This scheme is particularly beneficial for those with daily earnings, ensuring you can set aside funds consistently. Interest on your deposits is accrued annually, with the flexibility to withdraw after six months. Please note that if you withdraw before the six-month period, a 3% charge will be applied to the amount. Experience the ease of deposits at your doorstep with Secunderabad Bank and watch your savings grow!

The Secunderabad Co-operative Urban Bank Ltd.,
1-4-908/7/2/B/1 to 4 (GR FLOOR),
Beside Gurunanak Care Hospitals, Musheerabad, Hyderabad-500020.

+918985083534
accounts@secunderabadbank.com