Make every penny count.
A special kind of term deposit scheme offered to mobilize your earnings. This investment plan is suited best for you if you earn every month. Here, you deposit a small fixed sum of money into your account at the regular interval of a month over the predetermined period. Once the term period is complete, the deposits made all through the matures along with the interests.
Achieve your objectives by investing small amounts of money each month with Cosmos! At Cosmos, we offer you attractive interest rates based on the investment plan of your choice for saving a small fixed amount of money every month until the predetermined tenure. We also have the option of setting up standing instructions, which will ensure your monthly deposit by deducting it from your operative account. This scheme is also as secure and reliable as a fixed deposit. When you start depositing money regularly, it assists you in developing a healthy habit of saving money.
- Individual (single/joint), Minor by guardian, Organizations, Co-operative societies
- Standing orders can be set up to ensure a monthly deposit by deducting your operative account.
- KYC Documents as per the guidelines.
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Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Cosmos Bank
- people with a consistent income who want to save a set amount on a regular basis.
- Amount of instalment is fixed and can not be changed.
- Non-payment/delayed payment of monthly installment will attract a penalty.
- Maximum deposit period - 10 yrs.
- TDS will be applicable as per Income Tax act 1961.
- Form 15H/15G required to be submitted for exemption of TDS
- It is not possible to change the installment once paid.
- Recurring deposits are accepted in equal monthly installments for selected period of time.
- Facility of standing instructions is available, so you are free from personally paying the installment every month. Bank will take care of it for you!
*Terms and Conditions Apply