Karad Urban Cooperative Bank FD Rates
Karad Urban Cooperative Bank offers fixed deposits (FDs) across tenures from 7 days to 10 years, with interest rates currently ranging from 3.50% to 6.75% p.a. Account holders also get a loan or overdraft facility against their FD, plus nomination and auto-renewal options.
Karad Urban Cooperative Bank FD Eligibility
Any person, individual, minor, company, trust, or senior citizen may open a fixed deposit account in Karad Urban Cooperative Bank.
Features and Benefits of Karad Urban Cooperative Bank FD
- There is the option of automatic renewal.
- Interest on deposits is paid monthly or quarterly.
- There is a nomination facility.
- You have the choice of withdrawing interest monthly or quarterly.
- Loans can be obtained against a deposit (depending on the scheme)
- Premature closing may be subject to a penalty (depending on the plan).
- The interest may be transferred by standing instruction.
- You can get simple interest depending upon the term.
- Karad Urban Cooperative Bank also offers a tax-saving fixed deposit under its Kutumb Pramukh Tax Savings Deposit Scheme, which carries a five-year lock-in and qualifies for a deduction under Section 80C of the Income Tax Act.
Interest rates on term deposits with terms ranging from seven days to ten years are available from Karad Urban Cooperative Bank in the range of 3.50% to 6.75% p.a.
Karad Urban Cooperative Bank FD Rates
Tenor | Plain (p.a.) | C.T.D. and Pension Deposit Scheme (p.a.) |
7 Days to 45 Days | 3.50% | - |
46 Days to 89 Days | 3.75% | - |
90 Days to 135 Days | 4.25% | - |
136 Days to 180 Days | 5.00% | - |
181 Days to 364 Days | 5.50% | - |
365 Days to 15 Months | 6.75% | 6.50% |
Above 15 Months to 2 Years | 6.50% | 6.25% |
Above 2 Years to 3 Years | 6.50% | 6.25% |
3 Years to 5 Years | 6.50% | 6.25% |
5 Years to 10 Years | 6.50% | 6.25% |
Note: The interest rates are effective from 1 May 2026.
Karad Urban Cooperative Bank FD Rates for Senior Citizens
Tenor | Interest Rates for Senior Citizens (p.a.) |
7 Days to 45 Days | 4.10% |
46 Days to 89 Days | 4.35% |
90 Days to 135 Days | 4.85% |
136 Days to 180 Days | 5.60% |
181 Days to 364 Days | 6.10% |
365 Days to 15 Months | 7.35% |
Above 15 Months to 2 Years | 7.10% |
Above 2 Years to 3 Years | 7.10% |
3 Years to 5 Years | 7.10% |
5 Years to 10 Years | 7.10% |
Note: The interest rates are effective from 1 May 2026.
Senior citizens receive an additional 0.60% in interest on term deposits. A 0.5% higher interest rate for active and retired employees. An additional interest rate of 1.10% for both senior citizens and retired employees. For staff and retired staff, there is an additional 0.25% interest on term deposits of Rs. 1 crore and above.
Documents Required for Opening Karad Urban Cooperative Bank FD
- PAN card
- Documents for KYC
- Recent passport-size photographs
- Identity proof (PAN card, voter’s ID, driver’s license, and Aadhaar card)
- Deed of declaration of HUF
- Residential proof (Aadhaar card, PAN card, driving license, and voter’s ID)
How to Open a Karad Urban Cooperative Bank FD Offline?
You can open a fixed deposit account in Karad Urban Cooperative Bank by following the instructions given below:
- Step 1: To open an FD account, you must go to the nearest branch of Karad Urban Cooperative Bank.
- Step 2: Request the Fixed Deposit Account Opening Form and complete all the sections with the required information about the customer, such as name, permanent and corresponding address, mobile number, email address, PAN, nominee's name, and tenure.
- Step 3: You must include a check in the amount you want to deposit for FD. You also have the option to transfer that sum using net banking from another account.
- Step 4: After filling out the account opening form, you must attach the PAN, proof of address, and proof of identity documents required by KYC.
- Step 5: Account Opening Form and other enclosed documents will be verified by the banker. The banker will give you an acknowledgement slip for the FD Account Opening Form once your documents have been successfully verified.
Note: For queries about opening an FD, you can also contact Karad Urban Cooperative Bank on its toll-free number 1800 233 2917 or via email at contact@karadurban.bank.in.
Summary
Karad Urban Cooperative Bank offers fixed deposits from 7 days to 10 years at 3.50% to 6.75% p.a., with additional interest for senior citizens and bank staff. The FD comes with nomination, auto-renewal, and loan-against-deposit facilities, plus a tax-saving variant for long-term savers. Visit your nearest branch with valid KYC documents to open an account.
FAQs on Karad Urban Cooperative Bank FD Rates
1. What is the minimum and maximum tenure for a Karad Urban Cooperative Bank fixed deposit?
A Karad Urban Cooperative Bank fixed deposit can be opened for tenures ranging from 7 days to 10 years. You can choose any tenure within this range based on your savings goal.
2.Can I auto-renew my Karad Urban Cooperative Bank fixed deposit?
Yes, Karad Urban Cooperative Bank offers an auto-renewal facility on its fixed deposits. Your FD is automatically reinvested for the same tenure once it matures, unless you instruct otherwise.
3.Is there a penalty for premature withdrawal of a Karad Urban Cooperative Bank FD?
Premature withdrawal of a Karad Urban Cooperative Bank fixed deposit may attract a penalty, depending on the scheme you have chosen. Check with your branch for the applicable terms before breaking your deposit early.
4.Can I add a nominee to my Karad Urban Cooperative Bank fixed deposit?
Yes, Karad Urban Cooperative Bank provides a nomination facility on all its fixed deposit accounts. This lets you designate a family member to receive the proceeds in your absence.
5.Can I receive interest payouts from my Karad Urban Cooperative Bank FD every month?
Yes, Karad Urban Cooperative Bank lets you choose to receive interest from your fixed deposit monthly or quarterly. You can select the payout frequency when you open the account.
6.Can I take a loan against my Karad Urban Cooperative Bank fixed deposit?
Yes, Karad Urban Cooperative Bank allows you to borrow against your fixed deposit, subject to the terms of the specific scheme. This gives you access to funds without breaking your FD.
7.Do employees of Karad Urban Cooperative Bank get extra interest on their fixed deposits?
Yes, active and retired staff of Karad Urban Cooperative Bank earn a higher interest rate than the standard fixed deposit rate. The applicable staff rate is set out alongside the regular rate table above.
8.What interest rate does Karad Urban Cooperative Bank offer on its fixed deposits?
Karad Urban Cooperative Bank's fixed deposit interest rates vary by tenure and are listed in the rate table above. Rates are revised periodically, so it is best to check the table for the current tenure-wise rate.
9.What documents are required to open a Karad Urban Cooperative Bank fixed deposit?
You need identity proof, address proof, a PAN card and recent passport-size photographs to open a Karad Urban Cooperative Bank fixed deposit. Accepted KYC documents include your Aadhaar card, voter ID and driving licence.
10.Do senior citizens get a higher interest rate on a Karad Urban Cooperative Bank fixed deposit?
Yes, senior citizens earn a higher interest rate than the regular fixed deposit rate at Karad Urban Cooperative Bank across all tenures. The senior citizen rate for each tenure is shown in the dedicated rate table above.
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