The safest way to grow your money. The cheranalloor service co operative bank accepts Fixed deposits in an attractive rate of interest.  It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity. You have the facility to close the account at any time by paying the 1% premature closure charge additionally and loan facility up to 90% of the Deposit amount by paying 1% additional interest.