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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 Jul 01, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

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

6.50

6.50

Calculate
90 days Less than Rs. 1 cr

6.00

6.00

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

7.00

7.25

Calculate
180 days Less than Rs. 1 cr

6.75

7.00

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

7.50

7.75

Calculate
365 days to 499 days Less than Rs. 1 cr

9.00

9.25

Calculate
500 days (simple int) Less than Rs. 1 cr

9.50

9.75

Calculate
501 days to 36 months Less than Rs. 1 cr

9.00

9.00

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

9.25

9.50

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

8.00

8.00

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

9.00

N.A

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 Jul 01, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to less than 90 days Less than Rs. 1 cr 6.50 Calculate
90 days Less than Rs. 1 cr 6.00 Calculate
91 days to less than 180 days Less than Rs. 1 cr 7.00 Calculate
180 days Less than Rs. 1 cr 6.75 Calculate
181 days to 364 days Less than Rs. 1 cr 7.50 Calculate
365 days to 499 days Less than Rs. 1 cr 9.00 Calculate
500 days (simple int) Less than Rs. 1 cr 9.50 Calculate
501 days to 36 months Less than Rs. 1 cr 9.00 Calculate
Above 36 months to 60 months Less than Rs. 1 cr 9.25 Calculate
Above 60 months to 120 months Less than Rs. 1 cr 8.00 Calculate

a) For NRE Fixed Deposit - Less than Rs. 15 lakh (last revised on Mar 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
365 days to 499 days Less than Rs. 15 lakh 9.00 Calculate
500 days (simple int) Less than Rs. 15 lakh 9.50 Calculate
501 days to 60 months Less than Rs. 15 lakh 9.00 Calculate
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