Co-operative Bank

The Cooperative Bank, Kapurthala

Deposits Interest Rates

 

Interest rates on domestic Deposits and NRE deposit w.e.f.22.08.2018 till 30.09.2018 are as under:

Maturity Period

Exixting Rate of interest

Revised Rate
7 Days -14 Days ----- 4.00

15 Days -30 Days

4.00

4.00

31Days-45 Days

4.00

4.00

46 Days -90 Days

5.75

6.30

91 Days – 179 Days

6.25

6.90

180 Days to less than 1 Yr.

6.25

6.90

1 Yr. to less than 2 Yr.

6.60

7.30

2 Yr. to less than 3 Yr.

6.50

7.20

3 Yr. to less than 5 Yr.

6.50

7.15

5 Yr. to  10 Yr.

6.50

6.85

(a) Interest of 0.5% above these rates will be admissible to domestic deposit only to Sr.Citizens on a single Fixed Deposit receipt of Rs.10000.00 and above for one year and above.

(b) Retired staff members of this bank will also be eligible for additional 0.5% interest rates mentioned in above clause (a) along with 1.00% interest rate benifit rxtended to staff members of the bank.

(c) Pre-mature Deposit: Penalty of 1.00% on the pre-mature deposit will be leived on interest rate slab applicable for the period deposit has been kept with the bank. Pre-mature penalty will be applicable to all depositors including staff-members.

 
 

 

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