fixed deposit interest rates co operative bank

The Rate of Interest applicable to pre-matured withdrawal will be 2% less than the rate applicable to the period for which the deposit is remained with the bank.

Recurring Deposits shall be accepted for the maximum period of Three years only.

Overdraft facility can be availed on deposits with No premature option (Non-Callable).

In case of renewal of an overdue deposit strictly observe terms of our office circular No.MB/H.O.

Own money declaration from Staff / Ex-staff members should be obtained for the facility of additional interest rate as above.

Senior Citizens will have to produce Age Proof such as PAN Card, Election Voting Card, Senior Citizen Card etc.

Reinvestment Deposit shall be accepted for the period from 12 months to 120 months in the multiple periods of 3 months.

Term deposits shall be accepted for a period mentioned above.

Interest on Reinvestment Deposit Shall be calculated & Compounded at quarterly rests and fraction interest should be rounded off to the nearest rupee．

Interest on Term Deposit Shall be calculated at quarterly rests and fraction interest should be rounded off to the nearest rupee.

The revised interest rates are applicable to the fresh deposits received / renewed with maturity on or after.

Term Deposits (Fixed & Reinvestment Deposit)ĭeposits for 1 year to less than 15 months Rate Per Annum for Senior Citizen / Staff / Ex-Staff (Age of 60 and above)īulk Deposit Rates for Rs.

Rate Per Annum for Staff / Ex-Staff (Below age of 60) The following revised Interest Rates on Deposits shall come into force with effect from dt.

Fixed deposit interest rates co operative bank