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AGM of The Greater Bombay Co-Operative Bank Ltd held on August 13, 2010

Opening of Churchgate branch
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Term Deposits

Greater Bank offers various ranges of Term deposit that suits investor’s requirements in the form of Fixed Deposits where interest is paid to investor’s at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits. Greater bank also help investors to cultivate the habit of monthly savings with the help of its Monthly Recurring Deposit schemes where investors can even start with a very nominal amount of Rs. 100 per month.

Rate of Interest on Term Deposit applicable from 2nd September 2009.

Maturity period Existing Rates
Gen. Public (p.a.) Societies / Trusts (p.a.) Sr. Citizens (p.a.)
15 Days to 45 Days 4.00 4.00 4.00
46 Days to 90 Days 5.00 5.00 5.00
91 Days to 180 Days 6.00 6.00 6.00
181 Days to less than 1 Year 6.50 6.50 6.50
1 Year to less than 2 Years 7.25 7.25 7.75
2 Years to less than 3 Years 7.25 7.25 7.75
3 Years to 7 Years 7.00 7.00 7.50
GB Tax Gain Scheme 7.00 7.00 7.50

 

Rate of Interest on NRE Term Deposit applicable from 1st August 2010 to 31st August 2010.
 
Period of Deposits Rate Of Intrest (% P.A)
12 Months to less than 24 Months
2.79
24 Months to less than 36 Months
2.49
36 Months up to 60 Months
 2.82
 
Please note that fresh NRE Term Deposits, as also renewal of existing NRE Term Deposits should be accepted for a minimum period of 12 months.
 
Interest rate on NRE Savings Deposits will remain as payable on Domestic Savings Deposits (at present @ 3.50% p.a. w.e.f. 01st May, 2006)
 
 
Nature Of Depositors
Term Deposit Account can be opened by:
  • Individual – Single or Joint
  • Minors – with Guardian;
  • Regd. Societies & Trusts
  • Hindu Undivided Families (HUFs)


Checklist

  • Customer Information File (CIF) form (for new accounts)
  • Account opening form, duly signed by the account holders
  • Introduction from existing account holder
  • Photograph of account holders
  • Photo identity such as photocopy of PAN Card, Driving License
  • Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc.


Various Term Deposit Scheme Available With Us Includes

  • Fixed Deposits (FD) - Interest is paid to investor’s at regular intervals
  • Re-Investment Benefit Deposits (RBD) - Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits
  • Monthly Recurring Deposit (MRD) - Schemes where investors can even start with a very nominal amount of Rs. 100 per month
  • GB Tax Gain Deposit Scheme - For availing Income Tax Benefit u/s 80 C
  • GB Long Term Deposit Scheme - To avail steady & risk free higher interest rates for long term


Other Services

  • Free ATM usage
  • 8 a.m. to 8 p.m. personalised banking
  • Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-ECS
  • E-TDS payments
  • Any Branch Banking through Core Banking Solution
  • Lockers at Competitive Price
  • Demat facility
  • Bancassurance (Life Insurance / General Insurance)
  • Mutual Funds
  • PAN Card issue
  • Bill Centre.


 
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