Co-operative Bank

The Cooperative Bank, Kapurthala

Deposits Interest Rates

SAVING BANK Deposits interest rate is 2.75% p.a.

TERM DEPOSITS

In supersession of all previous letter, the Interest rates on domestic Deposits and NRE deposit are revised as under:

Maturity Period

Rate of interest w.e.f  10.06.2021

7  Days – 14 days

2.75

15 Days -30 Days

2.75

31Days-45 Days

3.00

46 Days -90 Days

3.25

91 Days – 179 Days

4.00

180 Days to less than 1 Yr.

4.25

1 Year to less than 2 yr 5.10

Above 2 Yr. to 5 Yr.

5.10

Above 5 Yr. to 10 Yr. 5.25

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.

This is issued in concurrence of the competent authority.

  

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