The bank, 'The Kumbakonam Bank Limited' as it was then called was incorporated as a limited company on 31st October, 1904. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam including Sarvashri R. Santhanam Iyer, S.Krishna Iyer, V.Krishnaswami Iyengar and T.S.Raghavachariar. T.S.Raghavachariar was the First Agent of the Bank. In 1908, he was succeeded by Shri R. Santhanam Iyer who became the Secretary of the bank under the amended Articles of Association which created the office of a Secretary to be in charge of the Bank's Management in the place of the Agent, which post he held till his death in 1926. He was succeeded by Shri. S. Mahalinga Iyer as Secretary who subsequently became the First full-time Managing Director of the bank in tune with the amendment of Articles in 1929. He held the position of Secretary from 1926 to 1929 and that of Managing Director from 1929 to 1963.
Domestic term deposit (Less than 2 crore)
| General | Senior Citizens | |
|---|---|---|
| 7 days to 14 days | ||
| 15 days to 45 days | ||
| 46 days to 90 days | ||
| 91 days to 180 days | ||
| 180 days to 270 days | ||
| 271 days to 364 days | ||
| 365 days to 399 days | ||
| 400 days | ||
| 401 to 699 days | ||
| 700 days | ||
| 701 to 3 Years | ||
| Above 3 Years upto 10 Years | ||
| Tax Saver |