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Rate of Interest Deposit

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CIRCULAR

Pursuant to the decision adopted by the appropriate authority of Tamluk Ghatal Central Co-operative Bank Ltd. it is here by notified for the information of all concerned that with effect from 04/06/2025, the rates of interest on all sorts of deposits shall stand revised 1st time during the financial year 2025-26 as follows:

Sl. No Type of Deposit Rate of Interest (% p.a.) Senior citizen (Age Above 60 years)
General Co-Operative Societies
Less than 1 cr Rs 1 cr and above Less than Rs 1 cr Rs 1 cr and above
1 a Savings Deposit 3.20
b Micro Deposit 3.00
c Special Savings Deposit (Samabay Sathi) for Retirement / Exit Benifits of Society's Employees 5.00
2 Term Deposit
a 7 days to 14 days 3.50 5.55 3.50 5.60 4.75
b 15 days to 29 days 4.00 5.55 4.00 5.60 4.75
c 30 days to 45 days 4.00 5.55 4.00 5.60 4.75
d 46 days to 90 days 4.50 5.75 4.50 5.80 5.25
e 91 days to 180 days 5.50 5.75 5.50 5.80 5.25
f 181 days to 364 days 6.05 6.00 6.05 6.10 6.85
g 365 days / 12 Months / 1 year 6.75 6.75 6.75 6.80 7.25
h Above 12 months to 24 months 6.80 6.50 6.80 6.55 7.35
i Above 24 months to less than 36 months 6.70 6.80 6.70 6.85 7.30
j 36 months to 60 months 6.50 6.30 6.50 6.35 7.10
k More than 60 months to 120 months 6.30 6.05 6.30 6.10 7.35
3 Monthly Income Scheme(MIS) for individials (minimum Rs. 5000.00 & then multiplies of Rs. 1000.00 for a Period of 3 years) 6.60 7.10
4 Deposit against Statutory Reserve funds, Bad Debt Funds & Other funds of Co-Oparative Societies/ Co-Oparative Banks. Interest will be calculated and served to designated account on half yearly basis. 6.70
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