The Jalgaon District Central Co-Operative Bank

	1) Current Account
	Current Account is for the customers who need to carry out large transactions on their accounts, make frequent withdrawals, are often businessmen. Many transactions are made by checks. 1) The amount in this account can be withdrawn at any time - without any restrictions. 2) These accounts are usually used by businessmen, entrepreneurs. Most transactions are made by checks. 3) Since there is no compulsion to maintain a balance in this account, no interest is given on this account. 4) All rights to determine the rules of use of this account are reserved with the bank.

1) Current Account

Current Account is for the customers who need to carry out large transactions on their accounts, make frequent withdrawals, are often businessmen. Many transactions are made by checks.
1) The amount in this account can be withdrawn at any time - without any restrictions.
2) These accounts are usually used by businessmen, entrepreneurs. Most transactions are made by checks.
3) Since there is no compulsion to maintain a balance in this account, no interest is given on this account.
4) All rights to determine the rules of use of this account are reserved with the bank.

	2) Savings Account
	The savings account is an important component of the bank's total deposits. People in this group usually save some money from current earnings and use it for future needs. Some expectations are also placed on receiving some amount of interest on these savings. Since the bank does not always withdraw the entire amount from these savings, a lot of money remains deposited. Its beneficial use is made in loan transactions. Therefore, interest could have been given on these savings. Although it is possible to withdraw money at any time from these savings accounts, A certain amount of money needs to be deposited into the bank at intervals. Interest on savings accounts is calculated twice a year, i.e., in February and August.

2) Savings Account

The savings account is an important component of the bank's total deposits. People in this group usually save some money from current earnings and use it for future needs. Some expectations are also placed on receiving some amount of interest on these savings. Since the bank does not always withdraw the entire amount from these savings, a lot of money remains deposited. Its beneficial use is made in loan transactions. Therefore, interest could have been given on these savings. Although it is possible to withdraw money at any time from these savings accounts, A certain amount of money needs to be deposited into the bank at intervals. Interest on savings accounts is calculated twice a year, i.e., in February and August.

	3) Term Deposit
	Customers depositing deposits in banks need security, confidentiality, and stability. Longer-term deposits to the bank mean more interest rates and fixed returns to depositors. Term deposits in the bank are very important from the bank's point of view. If deposits are deposited for more than 15 days, it is considered a term deposit and according to that, our bank will have term deposits from 15 days to 45 days, 46 to 90 days, 91 to 180 days, from 181 days to 1 year, more than 1 year to 2 years, and more than 2 years, and various term deposits are accepted. Senior citizens are offered an additional 0.50% interest rate.

3) Term Deposit

Customers depositing deposits in banks need security, confidentiality, and stability. Longer-term deposits to the bank mean more interest rates and fixed returns to depositors. Term deposits in the bank are very important from the bank's point of view. If deposits are deposited for more than 15 days, it is considered a term deposit and according to that, our bank will have term deposits from 15 days to 45 days, 46 to 90 days, 91 to 180 days, from 181 days to 1 year, more than 1 year to 2 years, and more than 2 years, and various term deposits are accepted. Senior citizens are offered an additional 0.50% interest rate.

	4) Recurring Deposit
	Some account holders may not be able to deposit a large amount for a fixed deposit. For them, by opening a recurring deposit account, a fixed amount is deposited in the bank every month and the benefit of the fixed interest rate available for the term deposit is obtained. 1) Anyone recognized by the bank can open a recurring deposit account. 2) It will start on any date of the month. To open an account, you need to deposit a minimum amount every month. 3) The duration of the Recurring account is 1 to 5 years. 4) Account holders need to submit an application in the prescribed format.

4) Recurring Deposit

Some account holders may not be able to deposit a large amount for a fixed deposit. For them, by opening a recurring deposit account, a fixed amount is deposited in the bank every month and the benefit of the fixed interest rate available for the term deposit is obtained.
1) Anyone recognized by the bank can open a recurring deposit account.
2) It will start on any date of the month. To open an account, you need to deposit a minimum amount every month.
3) The duration of the Recurring account is 1 to 5 years.
4) Account holders need to submit an application in the prescribed format.

For more information about various deposit schemes and terms and conditions, visit your nearest branch of The Jalgaon District Central Cooperative Bank today.

Various Types of Deposit Accounts