Rate of Interest for Deposits

S. No.

Period of Deposits

Existing Rates

Revised Rates w.e.f. 1.12.2012

1

15 to 45 days

7.00

7.00

2

46 to 90 days

7.50

7.50

3

91 to 179 days 9.00

7.75

7.75

4

180 to 364 days

8.00

8.00

5

1 year & above

8.50

8.75


An additional rate of 0.50% being offered to the Senior Citizens will continue without any change. The Branch Managers are advised to take note of the above change in the rate of interest on term deposits and to act accordingly.

 

      

 



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.