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Banking & Credit :: TAMILNADU INDUSTRIAL COOPERATIVE BANK LTD

Deposits

The TAICO Bank accepts the following type of deposits from the Public, Industrial Cooperative Societies, Government Departments, Corporations, reputed educational institutions etc.

http://taicobank.com/images/dotsb_88.jpg   Savings Deposit http://taicobank.com/images/dotsb_88.jpg   Short Term Deposit
http://taicobank.com/images/dotsb_88.jpg   Current Deposit http://taicobank.com/images/dotsb_88.jpg   Fixed Deposit
http://taicobank.com/images/dotsb_88.jpg   Recurring Deposit http://taicobank.com/images/dotsb_88.jpg   Cash Certificate



Rate of Interest on Deposits

Period No of Days
Rate of Interest
Period No of Days
Rate of Interest %
15 to 29 5.75% 181 to 364 8.75%
30 to 45 6.25% 1 yr to 5 yrs 10.25%
46 to 90 6.75% Senior Citizens 1% more
91 to 180 7.75% Savings A/c 3.50%



Lending Operations for Industrial Co-operatives

Nature of Assistance
Rate of Interest
   Term Loan 11.00%
   Cash Credit 11.00%
   Bills Discounting 11.00%
   Bank Guarantee 1% Service Charges will be collected

 
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