c

 
 

Revised Deposit Rates

For Individual & Others

Sl No.

Period of Deposit

Existing Rate for Individuals & Others only effective from       21-10-2015 (%)

Revised Rate for Individuals & Others only effective from 01-06-2016 (%)

1

15 to 45 days

6.25

5.25

2

46 to 90 days

7.00

6.75

3

91 to 179 days

7.75

7.00

4

180 to 364 days

8.00

7.25

5

1 year to below 2 year

8.25

7.50

6

2 year and above

 8.25

7.50

The additional rate of 0.50% being given for the Senior Citizens will continue to be unchanged subject to confirmation of their age by obtaining copy of evidence.

For District Co-operative Banks and all deposits in excess of Rs.1.5 lakhs

Sl No.

Period of Deposit

Existing Rate(%)

Revised Rate effective from    13-06-2017 (%)

1

15 to 45 days

5.50

5.00

2

46 to 90 days

7.00

6.50

3

91 to 179 days

7.25

6.75

4

180 to 364 days

7.50

7.00

5

1 year to below 2 year

7.75

7.25

6

2 year and above

7.75

7.25

The above change in the rates of interest on Term deposits will have effect for the fresh deposits and renewal of deposits from 01-06-2016.


 

OUR DEPOSIT SCHEMES

1.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.

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.