Bharat Co-operative Bank (Mumbai) Ltd. FD
The Bharat Co-operative Bank Ltd. is a multi state scheduled bank that offers fixed deposit schemes for its customers. The schemes offered by the banks are extended at interest rates starting at 4.50% p.a.
The bank also offers special rates for senior citizens wherein they offer an additional 0.50% p.a. The fixed deposit schemes can be availed for a period of minimum 7 days.
Bharat Co-operative Bank (Mumbai) Ltd. Fixed Deposit Interest Rates: Below Rs. 1 Crore
Given below are the FD rates for the amount less than Rs. 1 Crore for the general public and for senior citizens:
Duration | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 Days upto 29 Days | 4.50% | 4.50% |
30 Days upto 60 Days | 4.75% | 4.75% |
61 Days upto 90 Days | 5.00% | 5.00% |
91 Days upto 180 Days | 5.25% | 5.25% |
181 Days to less than 1 year | 5.75% | 5.75% |
1 year to 15 months | 7.50% | 8.00% |
Above 15 months to 2 years | 7.00% | 7.50% |
Above 2 years to 3 years | 7.10 | 7.60 |
Above 3 years to 5 years | 6.00 | 6.50 |
Above 5 years | 6.75 | 7.25 |
Note: The rates of interest mentioned above are effective from 2 April 2025.
Bharat Co-operative Bank (Mumbai) Ltd. Fixed Deposit Interest Rates: Above Rs. 1 Crore
Given below are the FD interest rate for more than Rs. 1 Crore. In this case, senior citizens will receive the same interest rates as others.
Duration | Interest Rates for General Public (p.a.) |
7 Days upto 29 Days | 5.50% |
30 Days upto 60 Days | 5.75% |
61 Days upto 90 Days | 6.00% |
91 Days upto 180 Days | 6.25% |
181 Days to less than 1 year | 6.90% |
1 year 15 months | 7.95% to 8.05% |
Above 15 months to 2 years | 7.30 7.15% |
Above 2 years to 3 years | 7.25 |
Above 3 years to 5 years | 6.15 |
Above 5 years | 6.90 |
Note: The rates of interest mentioned above are effective from 2 April 2025.
Bharat Deposit Tax Benefit Scheme*
Mentioned below are the NRE FD rates for the amount less than Rs. 1 Crore and for more than Rs. 1 Crore:
Tenure | Rate of Interest (% p.a.) |
5 years | 6.00% |
Note: The rates of interest mentioned above are effective from 16 September 2023.
Bharat Co-operative Bank NRE Deposits:
Duration | Interest Rates for Deposits of Rs.1 Crore | Interest Rates for Deposits of above Rs.1 Crore |
12 Months | 7.50% | 7.90% p.a. to 8.00% p.a. |
Above 12 months upto 24 months | 7.00% | 7.10% |
Above 24 months upto 36 months | 7.00% | 7.15% |
Above 36 months upto 120 months | 6.00% | 6.10% |
Note: The rates of interest mentioned above are effective from 2 April 2025.
FAQs on Bharat Co-operative Bank (Mumbai) Ltd. FD
- What is the minimum amount required to open a fixed deposit with Bharat Co-operative Bank?
The minimum investment of Rs.1000 is required to open a fixed deposit account with Bharat Bank.
- Do senior citizens get extra interest for deposits above Rs.1 Crore?
No, the senior citizens will not get any additional interest benefit above Rs.1 Crore.
- What is the minimum and maximum tenure for Bharat Bank fixed deposit?
The tenure of Bharat Bank fixed deposit can range from a minimum of seven days to a maximum of 364 days.
- Can I open a Bharat Bank fixed deposit account without visiting the bank branch?
Yes, you can open your fixed deposit account through Bharat Bank net banking or mobile banking.
- Can I get a loan against my fixed deposit at Bharat Co-operative Bank?
Yes, you can get loan or overdraft against Bharat Bank fixed deposits. You can borrow up to 95% of the principal deposit while keeping your FD active.
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