INTEREST RATE ON TERM DEPOSITS (Effective from 10.11.2009 )
DURATION
INTEREST RATE

15 to 45 Days
3.50 %
46 to 90 Days
4.50 %
91 to 179 Days
5.25 %
180 to 364 Days
6.75 %
1 year to less than 2 years
7.00 %
2 years and above
7.25 %

 

The additional rate of 0.5% being given to the senior citizens will continue to be unchanged subject to confirmation of their age by obtaining necessary evidence.

SAVINGS BANK ACCOUNT

Savings Bank Account

3.50%


OUR DEPOSIT SCHEMES

a) COBANK SURAKSHA Tax Saver Cash Certificate : Depositor is eligible for Income Tax reduction undr Sec.80(c)      of IT Act upto an amount of Rs.1.00 Lakhs . Compound interest is the major attraction of this Scheme.      Minimum duration of Cash Certificate is one year.

b) COBANK SUPER TAX SAVER Fixed Deposit : Interest on the deposit will be paid to the depositor Monthly,     Quarterly, Half Yearly or Yearly.

2. COBANK DIAMOND JUBILEE CASH CERTIFICATE : Ordinary term deposit with interest compounded quarterly.     Minimum duration one year.

3. COBANK FLEXI Deposit : Savings bank deposit account integrated with the facility of term deposit.

COBANK CHAMP ACCOUNT


a) COBAK CHAMP Recurring Deposit Account : : An exclusive deposit scheme for students upto the   age of 12      years.

  Students are eligible for education loan after Plus Two subject to compliance to the rules of the scheme.

b)COBANK CHAMP Savings Bank Account : An exclusive deposit scheme for students upto the age of 12 years.