Kapol Cooperative Bank FD Rates
The Kapol Cooperative Bank was founded by educationist and socialist Rajratna Shri Khushaldas Kurji Parekh. The Bank works with the economically weaker section of society.
The headquarters of the Bank is situated in Mumbai, Maharashtra. Offering fixed deposit services to its customers is one of the many banking services that the Bank provides.
Kapol Cooperative Bank Fixed Deposit Interest Rates
The fixed deposit rates offered by the Kapol Cooperative Bank are mentioned below:
Tenure | General Public Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
15 - 45 days | 5.00% | 5.00% |
46 - 90 days | 6.50% | 6.50% |
91 - 180 days | 7.00% | 7.00% |
181 days to less than 12 months | 7.50% | 7.50% |
12 months - 24 months | 8.00% | 8.25% |
24 months 1 day - 36 months | 7.50% | 7.75% |
36 months 1 day - 60 months | 7.00% | 7.25% |
60 months 1 day and above | 7.00% | 7.25% |
Note: These interest rates are effective from 16 April 2022 and can be changed as per the bank's rules and regulations.
Documents Required to Open a Kapol Cooperative Bank Fixed Deposit Account
The documents that are required to open a Kapol Cooperative Bank fixed deposit account are mentioned below:
- Address proof (ration card, electricity bill, passport, etc.)
- Photo ID (Aadhaar card, driving license, voter ID card, etc.)
- 2 Passport size photographs
How to Open a Kapol Cooperative Bank Fixed Deposit Account
To open a Kapol Cooperative Bank fixed deposit account, visit the nearest branch of the Bank. There a representative of the Bank will guide you through the process of applying for a fixed deposit account.
FAQs on Kapol Cooperative Bank Fixed Deposit Interest Rates
- What are the documents that I can submit as address proof?
You can submit ration card, electricity bill, passport, etc. As address proof.
- Is there any special interest rate for senior citizens?
Yes, senior citizens get an additional 0.25% interest rate.
- Do I need to submit any passport photographs to open a Kapol Cooperative Bank fixed deposit account?
Yes, you need to submit 2 passport photographs to open Kapol Cooperative Bank fixed deposit account.
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