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Shamrao Vithal 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 Aug 14, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to less than 90 days Less than Rs. 1 cr

5.50

5.50

Calculate
90 days Less than Rs. 1 cr

5.00

5.00

Calculate
91 days to less than 180 days Less than Rs. 1 cr

6.50

6.65

Calculate
180 days Less than Rs. 1 cr

6.00

6.15

Calculate
181 days to 364 days Less than Rs. 1 cr

7.00

7.15

Calculate
365 days to less than 24 mnths Less than Rs. 1 cr

7.80

7.95

Calculate
AV Deposit Scheme - 366 Days (Simple Interest) Less than Rs. 1 cr

7.90

8.05

Calculate
Mangal Moorti Scheme 24 mnths (simple int) Less than Rs. 1 cr

7.90

8.05

Calculate
Above 24 mths to 36 mths Less than Rs. 1 cr

7.85

8.00

Calculate
Above 36 mths to 60 mths Less than Rs. 1 cr

7.80

7.95

Calculate
Above 60 months to 120 months Less than Rs. 1 cr

7.75

7.75

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

 
Shamrao Vithal Tax Savings Scheme - 5 Years Upto Rs. 1 lakh

7.80

7.80

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 Aug 14, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to less than 90 days Less than Rs. 1 cr 5.50 Calculate
90 days Less than Rs. 1 cr 5.00 Calculate
91 days to less than 180 days Less than Rs. 1 cr 6.50 Calculate
180 days Less than Rs. 1 cr 6.00 Calculate
181 days to 364 days Less than Rs. 1 cr 7.00 Calculate
365 days to less than 24 mnths Less than Rs. 1 cr 7.80 Calculate
AV Deposit Scheme - 366 Days (Simple Interest) Less than Rs. 1 cr 7.90 Calculate
Mangal Moorti Scheme 24 mnths (simple int) Less than Rs. 1 cr 7.90 Calculate
Above 24 mths to 36 mths Less than Rs. 1 cr 7.85 Calculate
Above 36 mths to 60 mths Less than Rs. 1 cr 7.80 Calculate
Above 60 months to 120 months Less than Rs. 1 cr 7.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 15 lakh (last revised on Aug 14, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
365 days to less than 24 mnths Less than Rs. 15 lakh 7.80 Calculate
Mangal Moorti Scheme 24 mnths (simple int) Less than Rs. 15 lakh 7.90 Calculate
Above 24 mths to 36 mths Less than Rs. 15 lakh 7.85 Calculate
Above 36 mths to 60 mths Less than Rs. 15 lakh 7.80 Calculate
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