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Zoroastrian 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 Nov 18, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 45 days Less than Rs. 1 cr

4.50

4.50

Calculate
46 days to 90 days Less than Rs. 1 cr

5.50

5.50

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

6.00

6.00

Calculate
181 days to less than 1 year Less than Rs. 1 cr

6.25

6.25

Calculate
1year to less than 15 months Less than Rs. 1 cr

7.00

7.25

Calculate
15 months only Less than Rs. 1 cr

7.25

7.50

Calculate
Above 15 months to 2 years Less than Rs. 1 cr

7.00

7.25

Calculate
Above 2 years upto 7 years Less than Rs. 1 cr

6.75

7.00

Calculate
Above 7 years upto 10 years Less than Rs. 1 cr

4.00

4.25

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

 
Tax Saver Deposits - 5 years Upto Rs. 1 lakh

4.00

4.00

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 NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Nov 18, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 5 years Less than Rs. 1 cr 7.25 Calculate
1 year to less than 5 years Less than Rs. 1 cr 7.25 Calculate
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