Current Account  

The Current account is Designed for businessmen/ Corporate’s/Company, who have a higher number of regular transactions with the bank. It includes deposits, withdrawals, and transactions. It is also known as Demand Deposit Account. In current account, amount can be deposited and withdrawn at any time without giving any notice. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection. Current account can be opened by depositing Rs.500 . The customers are allowed to withdraw the amount with cheques, and they usually do not get any interest. Generally, current account holders do not get any interest on their balance lying in current account with our bank.

Savings Account  

TSaving accounts are opened to encourage the people to save money and collect their savings. The Savings Bank account at Perinjanam Co-Operative Bank can be opened by depositing just Rs.100. The saving account holder is allowed to withdraw money from the account as and when required. The interest which is given on saving accounts is 5%.

Recurring Deposit

Recurring Deposit is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest . Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.  Recurring Deposits will be in equal monthly instalments. The core monthly instalment should be minimum Rs. 100, There is no maximum limit.
Recurring Deposit slab :

Fixed Deposit

Fixed deposits are popular with investors who prefer capital security and a fixed amount of profit return. These are generally short-term with maturities ranging from fifteen days to a few years. When a Fixed deposit is purchased, the customer understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice.
The Interest rates of fixed deposits are given below:
15 days to 45 days ------------- 6%
46 days to 90 days ------------- 7%
91 days to 179 days ------------- 7.5%
180 days to 364 days ------------- 8%
1 Year and 2 Year ---------------- 8.5%
2 Year and above ---------------- 8.25%

Daily Deposit

Perinjanam service Co-Operative bank also providing a daily deposit scheme.
Anyone can start this deposit with sum of Rs.10. The interest rates are 3% to 7% .
12 months to 18 months ------------- 3%
18 months to 24 months ------------- 4%
24 months to 30 months ------------- 5%
36 and above ---------------------------- 7%