Deposit Services

Introduction

Kota Nagarik Sahakari Bank Limited, based in Kota, Rajasthan, has been serving the community for more than a decade. Among its core offerings, deposit services hold a vital place. Deposits are the foundation of banking, as they not only safeguard customers’ money but also provide growth opportunities through interest.

We offer a wide range of deposit products tailored to the needs of individuals, families, businesses, professionals, and senior citizens. With our secure, transparent, and customer-focused approach, we make saving simple, safe, and rewarding.

Our deposit portfolio includes:

• Savings Accounts

• Current Accounts

• Fixed Deposits (FD)

• Recurring Deposits (RD)

• Term Deposits

• Senior Citizen Deposits

• Flexi Deposits

• Minor/Children Accounts

• Joint Accounts

1. Savings Account

A Savings Account is the most basic and essential deposit product, designed to encourage savings among individuals while keeping funds liquid and accessible.

Features:

• Minimum balance requirement as per bank guidelines.

• Attractive interest on daily balance.

• Easy deposit and withdrawal facility.

• Passbook and e-statement options.

• Nomination facility available.

• Debit/ATM card facility (if applicable).

Benefits:

• Builds the habit of regular savings.

• Safe and secure place for personal funds.

• Helps manage household expenses.

• Suitable for salaried persons, students, homemakers, and professionals.

2. Current Account

A Current Account is best suited for businesses, traders, and professionals who require frequent transactions on a daily basis.

Features:

• No restriction on deposits or withdrawals.

• Cheque book facility provided.

• Overdraft facility available against securities (subject to approval).

• Facility to transfer funds seamlessly.

• Nomination available.

Benefits:

• Smooth business operations with unlimited transactions.

• Provides credibility in professional dealings.

• Ensures easy fund management.

• Supports entrepreneurs and SMEs.

3. Fixed Deposit (FD)

A Fixed Deposit is the safest way to grow savings with guaranteed returns. Customers can invest a lump sum amount for a fixed tenure and earn higher interest than a savings account.

Features:

• Tenure ranging from 7 days to 10 years.

• Attractive and fixed rate of interest.

• Choice of interest payout – monthly, quarterly, annually, or on maturity.

• Loan/overdraft facility against FD available.

• Auto-renewal option.

Benefits:

• Assured returns with zero risk.

• Suitable for long-term financial planning.

• Can be used as collateral for loans.

• Senior citizens get additional interest benefits.

4. Recurring Deposit (RD)

The Recurring Deposit scheme is designed for individuals who prefer to save small amounts regularly and accumulate a lump sum at maturity.

Features:

• Fixed monthly installments as chosen by the customer.

• Tenure ranging from 1 year to 10 years.

• Same interest rate as applicable to FDs.

• Loan facility against RD available.

• Nomination facility available.

Benefits:

• Encourages disciplined savings.

• Ideal for salaried individuals.

• Safe and assured returns.

• Helps in achieving medium-term goals like education, travel, or family functions.

5. Term Deposits

Term Deposits provide flexibility to deposit money for a short or long period, depending on the customer’s financial goals.

Features:

• Flexible tenure starting from 7 days.

• Higher interest compared to savings accounts.

• Interest directly credited to savings/current account.

• Auto-renewal available.

Benefits:

• Secure and predictable returns.

• Ideal for both individuals and businesses.

• Flexible to suit short-term and long-term needs.

6. Senior Citizen Deposits

Senior citizens are given special benefits on fixed and term deposits as a token of respect and security for their future.

Features:

• Higher rate of interest than regular deposits.

• Flexible payout options (monthly/quarterly/annually).

• Nomination facility available.

• Loan facility against deposits.

Benefits:

• Provides financial independence.

• Safe and steady income source post-retirement.

• Guaranteed returns ensure peace of mind.

7. Flexi Deposit Scheme

A unique hybrid deposit scheme that combines the benefits of savings and fixed deposits.

Features & Benefits:

• Savings account balance beyond a certain limit automatically converts into FD.

• Higher returns while maintaining liquidity.

• Funds available anytime without penalty.

• Ideal for individuals who want to maximize idle savings.

8. Minor/Children Accounts

To inculcate financial discipline from a young age, we offer special savings accounts for minors.

Features:

• Operated by parents/guardians on behalf of the child.

• Low minimum balance requirement.

• Nomination facility available.

Benefits:

• Encourages early savings habits.

• Secure fund management for children’s future.

• Attractive interest to grow savings.

9. Joint Accounts

Joint Accounts are designed for families, partners, or business associates who want to manage funds together.

Features:

• Operated jointly or by any one account holder (as per mandate).

• Nomination facility available.

• Applicable to savings, current, or deposit accounts.

Benefits:

• Suitable for families and partnerships.

• Transparent and secure fund management.

• Helps in shared financial planning