Subject:- Fixed Deposits Interest rate applicable wef 27.02.2023
In connection with above it is to inform you that as decided in board of Director’s circulating meeting Resolution.no.1 date 17-02-2023 rate of Interest applicable on Fixed deposits/Cumulative deposits/recurring deposits will be changed as given below wef 27-02-2023.please ensure compliance accordingly
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Details of Fixed depoits (period)
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Interest rates for General public
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Interest rates for Senior Citizen
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Interest rates for PACS
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|---|---|---|---|
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From 15 days upto 45 days
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3.50%
|
3.50%
|
3.50%
|
|
From 46 days upto 90 days
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4.50%
|
4.50%
|
4.50%
|
|
From 91 days upto 120 days
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4.75%
|
4.75%
|
5.00%
|
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From 121 days upto 180 days
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5.00%
|
5.00%
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5.25%
|
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From 181 days upto 364 days
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5.50%
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5.50%
|
5.70%
|
|
For 1 year only
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6.80%
|
7.30%
|
7.25%
|
|
Above 1 Year upto 2 Years
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6.00%
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6.50%
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6.60%
|
|
Above 2 Years upto 3 Years
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6.25%
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6.75%
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6.85%
|
|
1095 Days (3 Years only)
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6.15%
|
6.65%
|
6.50%
|
Interest rate of 5.50% will be Payable on single Deposits of Rs.5/-Crore or above.
Maturity amount has to be paid according to CBS system only.
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Month/Day
|
Rate of provision for general customers
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Rate of Provision for Senior Citizens
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For Staff
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|---|---|---|---|
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12 (365 Day)
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6.80%
|
7.30%
|
7.80%
|
|
24 (730 Day)
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6.25%
|
6.75%
|
7.25%
|
|
36 (1095 Day)
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6.15%
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6.65%
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7.15%
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SAVING INTEREST RATE 3.25 %
© 2023 Valsad District Central Co. Op. Bank Ltd
