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Deposits


The bank has been issuing various deposit schemes like Fixed Deposits, Recurring Deposits, Current Accounts etc. to encourage the savings habit among people.

Fixed Deposits

In the Kommeri Service Cooperative Bank by depositing a fixed sum for a fixed period, any person can start a fixed deposit. The bank accepts fixed deposits for a sum more than Rs. 100/- or an exact multiple thereof for a period of not less than 15 days. Interest rate on this deposit is calculated on prevailing rates.

Senior citizen interest rate will be 0.5% more compared to the revised interest rates.

Deposit Rates has been revised as from 1/1/2017

Sl. No. Deposit Term Period Kerala State
Co-operative Bank
District Co-operative Banks Service Co-operative Banks, Urban Co-operative groups, Regional & Rural Co-operative Societies, Agricultural Improvement Co-operative groups including all primary co-operative groups


Existing Revised Existing Revised Existing Revised
1. 15 Days to 45 Days 5.00 5.50 5.75 6.25 6.00 6.50
2. 46 Days to 90 Days 6.50 7.00 6.75 7.25 7.00 7.50
3. 91 Days to 179 days 6.75 7.25 7.25 7.75 7.50 8.00
4. 180 Days to 364 Days 7.00 7.50 7.75 8.25 8.00 8.50
5. 1 year to less than 2 years 7.25 7.75 8.25 8.75 8.50 9.00
6. 2 years & above 7.25 7.75 8.00 8.50 8.25 8.75

Note: All deposit interest varies subject to RCS circular.

Group Deposit Scheme

Kommeri Bank offers Group Deposit Scheme at attractive rates for corporate companies, hospitals, hotels etc. The Group Deposit Scheme promotes group savings. The Group Deposit Scheme has been enabled for amount 1 lakh to 10 Lakhs and 5% is charged as commission by the bank.

Amount Term Period EMI
10 lakhs 50 months 20000
5 lakhs 50 months 10000
2 lakhs 40 months 5000
1 lakh 40 months 2500
1 lakh 25 months 4000

Recurring deposit

A person can deposit a specified amount i.e. multiple of Rs. 50/- monthly for 12, 24, 36, 60 months. On completion of the fixed period, the amount deposited along with the interest accrued thereon will be refunded.

Savings deposit

Savings Deposit is one of the easiest saving options. An account can be started by remitting Rs. 100/- with least paper work. These deposits are maintained by banks to mobilize the small savings of the people. Depositor can withdraw the deposit through cheques. Cheque facility provided for easy transactions.

For our customers we provide savings bank account which can be started at zero balance.

Current Deposit

These accounts are mainly meant to meet the requirements of business people who frequently operate their accounts. As there is no restrictions in the number of withdrawals & deposits, it suits the requirements of traders, businessman etc. who frequently make payments by means of cheques. The deposit can be withdrawn whenever the customer wants to withdraw.

Day Deposit Scheme

Under the Daily Deposit Scheme, the deposit collection Agents appointed by the Bank will collect the amount direct from the depositors, regularly.

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