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Bharat 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. 15 lakh (last revised on Oct 16, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 29 days Less than Rs. 15 lakh

4.00

4.00

Calculate
30 days to 60 days Less than Rs. 15 lakh

7.00

7.00

Calculate
61 days to 90 days Less than Rs. 15 lakh

7.50

7.50

Calculate
91 days to 180 days Less than Rs. 15 lakh

8.00

8.00

Calculate
181 days to less than 1 year Less than Rs. 15 lakh

9.00

9.00

Calculate
1 year to 2 years Less than Rs. 15 lakh

9.50

9.75

Calculate
Above 2 years to 3 years Less than Rs. 15 lakh

9.25

9.50

Calculate
Above 3 years Less than Rs. 15 lakh

9.00

9.25

Calculate

b) For domestic deposits - Rs. 15 lakh and above (last revised on Oct 16, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
1 year to 2 years Rs. 15 lakh and above

9.75

10.00

Calculate
Above 2 years to 3 years Rs. 15 lakh and above

9.50

9.75

Calculate
Above 3 years Rs. 15 lakh and above

9.25

9.50

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

 
Bharat Co-operative Tax Savings Scheme - 5 Years Upto Rs. 1 lakh

9.50

9.50

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
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