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10 Important Things to Know Before Depositing in Co-Operative Banks

Posted By ravikumarnama 145 days ago on Finance

https://www.myinvestmentspub.com - Co-Operative Banks are nothing but another sector of Banks that are organized in the Co-Operative sector which operate both in Urban and non-Urban areas. These banks are traditionally centered around communities, localities and work place groups and they essentially lend to small borrowers and businesses.These banks provide most services such as savings and current accounts, safe deposit lockers, loan or mortgages to private and small business customers. They also offer FDs or Fixed
Deposits with attractive interest rates, generally 1.5% - 2% higher than the regular Commercial Banks. Hence, many people used to deposit their money into these Co-Operative Banks. However, before depositing into these Banks, we should know some important points about Co-Operative Banks.

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