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Co-operative BanksFixed Deposit

6.00% - 6.35%
Interest rates
1 Year -5 Years
Time Period
500 - No Limit
Min. - Max amount
QUARTERLY
Compounding

About Co-operative Banks

Cooperative banks are those that are registered under the Cooperative Societies Act of 1912 and are governed by the Reserve Bank of India (RBI) and the Banking Laws Act.

Co-operative banks were founded with the goal of providing financial help to economically disadvantaged parts of society, and they are formed by persons from the same local/professional community who have a shared interest and aims. Because of their personal connection with consumers and local reach, they are recognized to give superior services to customers. Agriculturists and small enterprises can get financing from Co-operative banks. Co-operative banks provide a wide variety of banking and financial services to both members and non-members (both owners and consumers).

Several Co operative banks provide competitive interest rates on Fixed Deposits. Interest rates from various banks range from 5.40 percent per annum to 6.25 percent per annum for normal people, with elderly persons receiving up to 0.60 percent higher interest rates. Cooperative banks provide a variety of financial services and products, including fixed deposits.

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Started On1912
Head QuartersMumbai
CRISIL RatingNA
CEONA
Listed on exchange as
ICRA RatingNA

Latest Co-operative Banks Interest Rates

TenureRegular customersSenior citizens
Andhra Pradesh State - 1 Year
6.00%
6.60%
Repco Bank - 1 Year - 2 Years
6.25%
6.25%
Bombay Mercantile Co-Operative Bank Limited - 5 Years - 10 Years
5.40%
6.20%
Bharat Co-Operative Bank - More than 5 Years
6.00%
6.50%
Saraswat Bank - 12 Months - 36 Months
5.50%
5.75%
Janata Sahakari Bank - More than 5 Years
5.85%
6.35%

Features & Benefits of Co-operative Banks

  • Currently, the highest rate of interest provided among these cooperative banks is 6.75 percent p.a., which is offered by Repco Bank for a one-year to a two-year term.
  • Repco Bank offers senior folks a competitive bank rate of 6.75 percent p.a. for a one- to a two-year term.
  • Andhra Pradesh State Cooperative Bank also provides a decent rate of return for older persons that is 0.60 percent more than standard interest rates.
  • Saraswat Bank provides the second-highest interest rate of 5.85 percent per annum to general clients and 5.75 percent per annum to senior people for a one-year to a three-year term.

Types of Co-operative Banks Schemes

Bharat Co-operative Bank Domestic FD
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Bharat Co-operative Bank Tax Saver FD
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Term-wise interest rates

Short-Term Deposits
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Medium-Term Deposits
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Long-Term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
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Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
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DHFL
1 year - 10 years
8.25% - 8.95%
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DCB Bank
3 months - 10 years
4.35% - 5.95%
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FAQs

Who is in charge of these banks?

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Do they provide the same interest rates?

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What are the repayment terms for FDs in cooperative banks?

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What exactly is a cooperative bank?

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What is the advantage of Co-operative Bank FDs?

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Calculate Co-operative Banks FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Co-operative Banks
0
@6% p.a
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