Services Details Page || Eluri Co-Operative Urban Bank

Secure Your Savings with Our Short Term Deposit

A Short Term Deposit is a fixed deposit account with a limited tenure, ideal for individuals looking to earn higher interest over a short period. It offers better returns than a regular savings account while ensuring capital safety.

This deposit product is perfect for those who want to park surplus funds for durations ranging from 7 days to 1 year. It provides flexibility in tenure choice and assures guaranteed returns upon maturity.

With easy setup and premature withdrawal options (subject to conditions), our Short Term Deposit is a smart way to grow your money while retaining access in the near future.

Features of Short Term Deposit

Minimum deposit amount – ₹1,000/-
Tenure from 7 days to 1 year
Higher interest rates than savings accounts
Premature withdrawal allowed (with conditions)
Auto-renewal option available
Interest payout on maturity or monthly/quarterly basis

Fixed Deposit (FD) Scheme
Deposit Duration	Interest Rate
15 to 45 Days	4.50%
46 to 90 Days	5.50%
91 to 180 Days	6.00%
181 to 364 Days	6.05%
Senior citizens get an additional 0.50% interest on deposits above 1year. An additional 0.25% interest is provided on deposits above ₹15 lakhs.

Documents Required to Open a Short Term Deposit

Address Proof – Aadhar, Driving License, Passport, etc.
PAN Card
Passport-size color photograph
Existing savings account with the bank (optional but preferred)
For companies or trusts – contact nearest branch

Process to Open a Short Term Deposit

1. Choose Deposit Amount and Tenure
2. Fill and Submit the Application Form
3. Submit KYC Documents
4. Deposit Activation and Certificate Issued

What is the minimum deposit amount?

The minimum deposit required is ₹1,000/-.
Can I withdraw the deposit before maturity?

Yes, premature withdrawal is allowed but may attract reduced interest rates.
Is there an auto-renewal option?

Yes, you can opt for auto-renewal of your short-term deposit on maturity.