A fixed deposit (FD) is a financial instrument through which you can receive assured returns at a fixed rate of interest. The Goa Urban Cooperative Bank Ltd offers various fixed deposit schemes with tenures ranging from seven days to five years.
The interest rates offered on this bank's fixed deposits range from 3.10% p.a. to 7.25% p.a. for the general public. The Goa Urban Cooperative Bank Ltd offers an additional interest rate of 0.50% to senior citizens on tenures of more than 1 year.
The fixed deposits offered by The Goa Urban Cooperative Bank Ltd come with the following features and benefits:
The interest rates on fixed deposits offered by The Goa Urban Cooperative Bank Ltd are mentioned in the table below:
Tenure | General Public Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
7 days - 14 days | 3.10% | 3.10% |
15 days - 45 days | 3.25% | 3.25% |
46 days - 90 days | 3.50% | 3.50% |
91 days - 180 days | 3.75% | 3.75% |
181 days - 1 year | 4.25% | 4.25% |
More than 1 year - less than 2 years | 7.00% | 7.50% |
2 years to less than 3 years | 7.25% | 7.75% |
3 years to less than 4 years | 7.00% | 7.50% |
4 years to 5 years | 7.00% | 7.50% |
Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 1 November 2024.
The interest rates on the fixed deposits offered by The Goa Urban Cooperative Bank Ltd range from 3.10% p.a. to 7.25% p.a. for the general public.
The tenures offered on The Goa Urban Cooperative Bank Ltd fixed deposits range from seven days to five years.
Yes, you can withdraw your fixed deposit before maturity. However, you will be charged a penalty of 1% for such premature withdrawal.
Yes, senior citizens get an additional interest rate of 0.50% on tenures of more than 1 year.
Yes, loans against fixed deposits can be availed at an interest rate that is 2% higher than the deposit interest rate.
No, a PAN card is required to open a fixed deposit of Rs.50,000 or above.
If the amount of interest paid on a fixed deposit is more than Rs.10,000, tax (TDS) will be levied.
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