How many people will you find around who doesn't have one? A Savings Bank account is one of the very basic deposit ideas before any person. It stresses and highlights the importance of having to save money for future benefits. It's not a big deal at all as any one with even basic income levels can own one. These accounts make customers set aside a portion of their liquid assets while earning a monetary return.The Savings Bank scheme at The Thondiyil Service Co-operative Bank too is one such. Any person, no matter what his/her income level is, can start one. All you need in hand is Rs. 100 and you can start saving. As opposed to many other banks, we don't trouble you with too many paperwork for the same. You get to start an account with everything that would enable stress-free banking. Interest is calculated based on the account balance on each day.
A Fixed Deposit offers you something more than a normal savings bank account does. It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Fixed Deposits are generally very safe investments and are used to denote a larger class of investments with varying levels of liquidity.Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity. You have the facility to close the account at any time by paying the 1% premature closure charge additionally. The Thondiyil Service Co-operative Bank offers long-term and short-term fixed deposits for its customers. The customers can select what and how much to invest and get assured and solid returns on investment. The customers have the option to choose from a number of duration periods and decide on what is convenient and most suited for their requirements.
Here's something truly special for business people. The Thondiyil Service Co-operative Bank current accounts are specially designed for business people and enterprises such as proprietors, partnership firms, public and private companies, trusts, association of persons and so on, both large scale and small scale. These come to you with a lot of special features and facilities that would help you deal with your financial activities in a convenient and smooth manner; especially in cases when you have a higher number of regular transactions like deposits, withdrawals and contra transactions. The advantage with current account is that money can be deposited and withdrawn at any time without giving any kind of notice. Moreover, it is also suitable for making payments to creditors by making use of cheques. In a current account, cheques received from customers can be deposited for collection too.
On an endeavour to promote savings habit among common people, The Thondiyil Service Co-operative Bank has given life to a special scheme deposits. This is a daily deposit scheme wherein the customers can keep adding to their bank balance small or big amounts of their choice. This scheme is particularly beneficial for people who work on a daily wage basis and also among small income groups. They can keep their bank accounts alive and active by contributing even amounts below Rs. 100. The biggest advantage with the deposit scheme is that the customers needn't even come to any of our bank branches to deposit the money. They can hand it over to our pigmy collection agents who would go to them and collect the amount, so that they can devote themselves fully to work. These agents will have palmtech machines with them and will regulate the transaction deals of these customers through it.
Recurring deposits are term deposits more or less like fixed deposits in their very nature. They are made for specified periods of time like a year or more. The interest rates for them are the same that are applicable to fixed deposits. You just need to add fixed amounts (multiples of Rs. 50) of money to it on a monthly basis for periods of 12, 24, 36 or 60 months. The difference is that you won't have to wait till a maturity period in case you wish to withdraw the deposit. You get the interest until the date of withdrawal as well. Recurring deposits are helpful and advantageous in many ways. The important factor is that you get good interest rates for the amount deposited. Also, whenever you are in need of money, you can always withdraw the deposit with assured interest calculated until the date of withdrawal. It empowers the customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time.
There's hardly any investment on earth more worthy and profitable than gold. If it's traditional use is to adorn our physical selves, then today it is mostly used to adorn our lives as a security for cash. Gold loans are among the most accepted assets today for quick cash. Especially in countries like India where people need cash for rolling purposes, gold loans can be of great help. The Thondiyil Service Co-operative Bank has introduced for our dear customers a special gold loan scheme called City Gold. As per this scheme, gold loans are given for both agricultural and non-agricultural purposes. The highlight of the scheme is that these loans are given at very low interest rates so as to encourage sectors like farming and small trading enterprises. These can be of significant benefit to people whose re-payment capacities would not be so good
With a vision to provide support and encouragement to the agricultural sector, The Thondiyil Service Co-operative Bank has introduced agricultural loans for farmers belonging to all categories. These loans too are provided at very low interest rates so as to help the farmers put in their most to the development of the sector. At these times when the traditional agricultural sector of the country is facing serious challenges, initiatives such as these would indeed be of great help. The Bank believes that the farming sector needs to achieve some kind of self-sufficiency, if the country needs to take its leap in to progress. Hence the introduction of such farmer-friendly schemes. Farmers are offered these loans whenever they are in need and since the interest rates are low, they would be able to meet their requirements without much of a difficulty and will feel comfortable even while paying back
One of the most widely preferred loans today, property loans are an easy way to get instant cash for big requirements. If you have a property of your own and is in need of money, then don't wait to come to us. You can pledge your property and be eligible for a loan upto Rs. 25,00,000/-. There aren't too many formalities to get it cleared and you can feel relaxed as you would be able to quickly meet your need. At The Thondiyil Service Co-operative Bank, not only do we help you by providing quick property loans, but also offer you attractive rates. Hassle-free and speedy approvals are the highlight here. You can pledge both residential and commercial properties. Also, you have an added benefit whereby you can re-pay the loan by handing over the amount to our daily collection agents who will be at your doorsteps for the same. You just don't have to bother about coming to a branch of ours to keep re-paying the money every month. All transactions made easy and comfortable – that's the pivotal feature of The Thondiyil Service Co-operative Bank's loan schemes.
Everybody will have a dream of a sweet home that they can truly call their own. But with rising material costs and also an ever-increasing square-feet rates, it is getting tougher and tougher for common people to live their dream. Owning a house has now become a huge financial burden for the mid-income groups and also the poor. But there's no problem without a solution and in this case the answer is a housing loan. The Thondiyil Service Co-operative Bank has housing loan services which would help you to own your dear home. Loan amounts are sanctioned up to Rs. 5,00,000 (for 10 years) and with special interest rates to reduce the financial load over you. These loans are passed in very short periods of time without trouble and lets you pay your installments well on time. These loans are not just for new homes. We also help you renovate and repair an existing property through these housing loans
Apart from specific needs, you will indeed need to raise money for a number of miscellaneousactivities. It could be a vacation abroad, child's education or even a wedding – money matters everywhere. Very rarely will people have enough cash with them to comfortably meet all these. For all other instances, they primarily rely on personal loans.
Businessmen always require cash for rolling purposes and also to meet their daily running costs. With anticipated money, no business enterprise can keep moving forward and so the best possible way to keep the game alive is to rely on business loans. At The Thondiyil Service Co-operative Bank, we understand the needs and nature of various businesses and assist them in meeting their quick requirements by issuing business loans. Our business loans are very easy to have a hold of and are provided at special interest rates. There is very little paper work and that makes the whole process of sanctioning the loan easy and quick. All you will need is the help of two other businessmen for acting as guarantors and you can avail this loan at good rates. Also, when it comes to the re-payment you won't have to bother about approaching a branch of ours during your busy schedules. Our daily collection will be at your doorstep to collect the same
For a bank, safety comes first. Every customer need to be assured that their valuable possessions, be it money, gold or anything else, are safe in their bank's hands. The Thondiyil Service Co-operative Bank is fully committed to the safety of the possessions of our dear customers. We treat them like our own and make sure that all necessary safety measures are in place for the same. Our lockers are made in tune with all international mandates of safety and security standards. It helps us in making sure that you can remain tension-free. There are no big formalities for you to avail a locker facility and we help you get one through very many easy schemes well. We have created our biggest locker room at the Head Office at Thondiyil. Just trust. Rest assured!