Abhyudaya Co-operative Bank offers a wide range of fixed deposit schemes with attractive interest rates for the general public and additional interest rates for senior citizens. With minimum amount required to open a fixed deposit account and hassle-free documentation, the bank makes opening a fixed deposit accessible to a large section of India's demographic, whether salaried or not. The bank also offers fixed deposit schemes for Non-Resident Indians.
Abhyudaya Co-operative Bank offers the following fixed deposit schemes:
The features of the Monthly Income Deposit scheme are as follows:
The features of the Quarterly Interest Deposit scheme are as follows:
The features of the Fixed Deposit Receipt scheme are as follows:
The features of the Quarterly Interest cum Reinvestment Plan are as follows:
The features of the Abhyudaya Tax Saving Scheme are as follows:
The interest rates for fixed deposit schemes effective 1 August 2020 are as given below:
| Tenure | Regular Interest Rate (per annum) | Senior Citizen Interest Rate (per annum) |
|---|---|---|
| 7 days to 90 days | 5.00% | 5.00% |
| 91 days to 180 days | 5.25% | 5.50% |
| 181 days to 18 months | 5.75% | 6.00% |
| More than 18 months to 3 years | 6.25% | 6.75% |
| Above 3 years to 10 years | 6.00% | 6.25% |
Yes, there are fixed deposit accounts for Non-Resident Indians as well that are offered by Abhyudaya Bank.
The interest is credited into the depositor's bank account or paid by cash as well.
No, loan against deposit is not available for the tax saving scheme of Abhyudaya Bank.
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