No.F 1230, HO. Kolachery Mukk, Kannur - PIN: 670 601
A Fixed Deposit (FD) offers more benefits than a regular Savings Bank Account. It allows customers to deposit a fixed amount of money for a predetermined period, earning a higher and assured rate of interest until maturity.
Fixed Deposits are considered one of the safest investment options, as the funds remain secure and generate stable returns over time. Generally, withdrawals are allowed only at maturity, ensuring disciplined savings and maximum financial benefit. However, customers may opt for premature closure by paying an additional 1% premature withdrawal charge, as per bank rules.
Mullakkodi Co-Operative Rural Bank Ltd offers both short-term and long-term Fixed Deposit schemes to suit diverse customer needs. Investors can choose from multiple deposit tenures and investment amounts, ensuring flexibility along with reliable and attractive returns.