Co-operative Bank

The Cooperative Bank, Kapurthala

Deposits Interest Rates

 

In continuation of H.O. Letter No. 13131-13171 dated 02.02.2019, the Interest rates on domestic Deposits and NRE deposit are revised as under:

Maturity Period

Rate of interest w.e.f  13.03.2019

7  Days – 14 days

4.00

15 Days -30 Days

4.00

31Days-45 Days

4.00

46 Days -90 Days

6.25

91 Days – 179 Days

6.50

180 Days to less than 1 Yr.

6.75

1 Yr. to less than 2 Yr.

7.10

2 Yr. to less than 3 Yr.

6.80

3 Yr. to less than 5 Yr.

6.80

5 Yr. to  10 Yr.

6.80

a). Interest of 0.50% above these normal rates will be admissible on domestic FD/LTFDs of Sr.Citizens for Rs.10000.00 or above with the maturity period of minimum one year.

b). Retired staff members of the bank will also be eligible for additional 0.50% interest mentioned in above clause (a) along with 1.00% interest rate benefit extended to staff members of this bank.

c). Pre-mature Deposit: Penalty of 1%on pre-mature deposit will be levied on interest rate slab applicable for the period has been kept with the bank. Pre-mature penalty will be applicable to all depositors. Staff- members are exempted from the premature penality.

  

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