Warana Term Deposit Schemes

ANNOUNCEMENTS "New Branch at Islampur and Jotiba, Wadi Ratnagiri , opening shortly " WARANA is eminently, a unique name that stands as forerunner in the co-operative movement in India. The name WARANA sounds suitable wherever there is a mention of co-operative movement.

Warana Term Deposit Schemes

Warana 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. Warana 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.

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

 

On Customer Demand "Warana Bank" provide 'A' Class Membership for Deposite more than Rs. 1 Lac. (More details visit our nearest branch)

TERM DEPOSIT INTEREST RATES (W.E.F.21/11/2016)

Sr. No. Period Indvidual & Society Deposites Sr. Citizen
Upto 15 lakh Above 15Lakh
1 15 Days To 45 Days 5..50% 5..50% 5..50%
2 46 Days To 90 Days 6.00% 6.00% 6.00%
3 91 Days To 180 Days 6.50% 6.50% 6.50%
4 181 Days To 365 Days 7.00% 7.00% 7.00%
5 13 Months To 36 Month 8.00% 8.00% 8.25%
6 37 Months To 60 Month 7.75% 7.75% 8.00%
7 61 Months & Above 7.50% 7.50% 7.75%