FDs
Bonds
Blog
Login
Updated 04 Oct 2023
Are you considering opening a Fixed Deposit (FD) account with Cosmos Co-operative Bank? Fixed Deposits have long been one of the most popular and secure means of saving and growing one's money.
If Cosmos Co-operative Bank is your choice, this comprehensive guide will walk you through everything you need to know, from eligibility and document requirements to frequently asked questions about the FD schemes at the bank.
Alternatively, you can also open an FD with Cosmos Co-operative Bank online using internet banking.
Identity Proofs:
Age proof: Aadhaar card, Voter ID, or any document mentioned in the bank guidelines.
Address Proofs:
Others:
Photographs: Recent passport-sized photographs
When is the right time to invest in an FD?
The right time to invest in a fixed deposit depends on the investor's financial goals, risk appetite, and prevailing interest rates. Generally, it is advisable to invest in fixed deposits when the interest rates are high and are expected to remain stable for the investment period.
Why should I invest in Fixed Deposits when other investment instruments offer better returns?
The simple answer for this is that none of the other investment options offers such safe and secured returns as FDs. The DICGC insures them, and their fixed interest rates provide assured return on maturity.
Is the ₹5 lakhs DICGC insurance cover applicable on Cosmos Co-operative Bank FD?
Yes. ₹5 lakhs DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance cover is applicable on Cosmos Co-operative Bank FD.
How can I break my Cosmos Co-operative Bank FD?
Follow the steps to break Cosmos Co-operative Bank FD:
Visit the nearest branch.
Collect the term deposit closure form and duly fill in all the areas.
Submit all the documents, including the FD receipt or certificate.
You can also break your FD via Cosmos Co-operative Bank’s internet banking facility.
Can I get a Credit Card against FD at Cosmos Co-operative Bank?
No, Cosmos Co-operative Bank does not have the facility of providing credit cards against their FD schemes.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
