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Abhyudaya Co-operative Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Sep 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days and above to 90 days Less than Rs. 1 cr

6.50

6.50

Calculate
91 days and above upto 180 days Less than Rs. 1 cr

8.00

8.25

Calculate
181 days and above upto 15 months Less than Rs. 1 cr

9.25

9.50

Calculate
Above 15 months upto 36 months Less than Rs. 1 cr

9.50

9.75

Calculate
Above 36 months upto 120 months Less than Rs. 1 cr

9.00

9.25

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Abhyudaya Tax Savings Scheme - 5 Years Less than Rs. 15 lakh

9.25

9.75

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Sep 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days and above to 90 days Less than Rs. 1 cr 6.50 Calculate
91 days and above upto 180 days Less than Rs. 1 cr 8.00 Calculate
181 days and above upto 15 months Less than Rs. 1 cr 9.25 Calculate
Above 15 months upto 36 months Less than Rs. 1 cr 9.50 Calculate
Above 36 months upto 120 months Less than Rs. 1 cr 9.00 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Sep 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 month and above less than 15 months Less than Rs. 1 cr 9.25 Calculate
Above 15 months upto 36 months Less than Rs. 1 cr 9.50 Calculate
Above 36 months upto 120 months Less than Rs. 1 cr 9.00 Calculate
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