The Andaman and Nicobar State Co-operative Bank was founded in 1926 in the Islands of Andaman and Nicobar. The bank provides financial help to the inhabitants of the island. The bank also provides fixed deposit schemes to its customers. Andaman and Nicobar State Co-operative Bank offer fixed deposit schemes that range from 15 days to up to 10 years. There is special interest rate provided for women and senior citizens under there fixed deposit scheme.
Andaman and Nicobar State Co-operative Bank FD Rates
|Tenure||General Interest Rate (p.a.)||Interest rate for Women (p.a.)||Interest Rate for Senior Citizens (p.a.)|
|15 days to up to 45 days||5.25%||5.50%||5.75%|
|46 days to up to 90 days||6.50%||6.75%||7.00%|
|91 days to up to 180 days||7.00%||7.25%||7.25%|
|181 days to up to 364 days||7.30%||7.40%||7.50%|
|1 year to less than 2 years||7.50%||7.60%||7.75%|
|2 years to less than 5 years||7.50%||7.75%||8.00%|
|5 years to less than 8 years||7.75%||8.00%||8.25%|
|8 years to up to 10 years||8.00%||8.25%||8.50%|
Note: These interest rates are effective since 19 November 2016 and can be changed as per the bank’s rules and regulations.