Society Do Not Accept NRI/NRO Deposits, Only Members can do Transactions

KCBS - Fixed Deposits

The Kakinada Cooperative Building Society Ltd Fixed deposits have always stood for safety, credibility with attractive rate of interest .Fixed deposits of The Kakinada Cooperative Building Society Ltd are mainly two categories (i.e.) cumulative and monthly interest of regular income.

Advantages/ features:

  • Deposits across a minimum tenure of 30 days.
  • Any time access to your deposits.
  • Accidental insurance to depositors.
  • No tax deduction at source, but the member can exhibit the deposits which are invested with the society in the IT Returns every year.
  • Minimum deposit amount of  Rs.1000/- under cumulative and  Rs.5000/- under monthly interest Scheme, no bar for maximum limit.
  • Annual compounding method is opted.

Key Points

  • Loan / over draft facility is available upto 80% to 85% of F.D. amount invested with the Kakinada Cooperative Building society. Rate of interest will be 2% over the rate offered on deposit.
  • Premature withdrawal  permitted subject to applicable changes of the Kakinada Cooperative Building society rules.
  • Nomination facility available for all deposits.