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Punjab & Maharashtra 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. 25 lakh (last revised on Jun 17, 2020)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 25 lakh

3.00

3.00

Calculate
15 days to 45 days Less than Rs. 25 lakh

3.00

3.00

Calculate
46 days to 180 days Less than Rs. 25 lakh

3.50

4.00

Calculate
181 days to 1 years Less than Rs. 25 lakh

4.50

5.00

Calculate
Above 1 year to 10 Year Less than Rs. 25 lakh

4.75

5.25

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

 
PMCB Kar-Mukt Yojna - Tax Saver Upto Rs. 1 lakh

7.00

7.25

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. 25 lakh (last revised on Jun 17, 2020)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 25 lakh 3.00 Calculate
15 days to 45 days Less than Rs. 25 lakh 3.00 Calculate
46 days to 180 days Less than Rs. 25 lakh 3.50 Calculate
181 days to 1 years Less than Rs. 25 lakh 4.50 Calculate
Above 1 year to 10 Year Less than Rs. 25 lakh 4.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 25 lakh (last revised on Jun 17, 2020)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
13 months to 120 months Less than Rs. 25 lakh 4.75 Calculate
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