fixed deposit interest rates co operative bank

Reinvested in the same branch for a period longer then the remaining period of origenal contract. In The Cosmos Co Operative Bank Limited Fixed Deposit account, a fixed sum of money is deposited for fixed tenure usually for a period from 7 days to 10 years. No penalty shall be charged from the customer on amount withdraw prematurely but No interest is paid if the deposit remains with the bank below 14 days in case of premature withdrawl.Ī customer can avail the loan facility to the extent of 85% of amount of FD.

as mentioned in saving schemes.Īt present the rate of interest varies from 6.00% to 9.25% on different time periods which are reviewed from time to time.Įxtra 0.60% interest rate is allowed to senior citizens. 2 latest photographs, Address proof, Identification proof etc. The customer has to complete all the necessary formalities as well as fullfill the dcuments as per KYC norms i.e. By filling the form, you agree to our terms and conditions. The interest rate from different banks ranges from 5.40 p.a.

Interest rates from various banks range from 5.40 percent per annum to 6. There are several co-operative banks that offer competitive interest rates on Fixed Deposits.

In Fixed deposit scheme the amount deposited by the customer is invested for a fixed time/specific period, repayable on maturity/due date with agreed rates of interest, payable as simple interest either monthly or quaterly.Īn account can be opened in the name of person in his own name or two or more persons in the name of institution,trust,societies, name of minor under guardianship of natural parents. Several Co operative banks provide competitive interest rates on Fixed Deposits.

Fixed deposit interest rates co operative bank