A fixed deposit (FD) is a financial instrument that lets you invest your money for a certain period of time and receive high returns at a fixed rate of interest.
Nagpur Nagarik Sahakari Bank, a leading cooperative bank, offers fixed deposits with flexible tenures ranging from 15 days to five years.
The interest rates offered on this bank's fixed deposits range from 3.50% p.a. to 5.00% p.a. Nagpur Nagarik Sahakari Bank offers an additional interest rate of 0.50% to senior citizens on fixed deposits with tenures of one year and above.
The features and benefits of fixed deposits offered by Nagpur Nagarik Sahakari Bank are:
The interest rates for fixed deposits offered by Nagpur Nagarik Sahakari Bank are mentioned in the table below:
Tenure | General Public Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
15 days - 90 days | 3.50% | 3.50% |
91 days - 180 days | 4.00% | 4.00% |
181 days - 364 days | 4.50% | 4.50% |
365 days | 5.00% | 5.50% |
13 months - 24 months | 4.75% | 5.25% |
25 months - 60 months | 4.50% | 5.00% |
Kamdhenu Deposit Scheme (60 months) | 5.50% | 6.00% |
The following documents are required to open a fixed deposit with Nagpur Nagarik Sahakari Bank:
The interest rates offered by Nagpur Nagarik Sahakari Bank on its fixed deposits range from 3.50% p.a. to 5.00% p.a.
Yes, Nagpur Nagarik Sahakari Bank offers an additional interest rate of 0.50% to senior citizens on fixed deposits with tenures of one year and above.
Yes, you can withdraw your fixed deposit before maturity.
A penalty of 1% is applicable on the premature withdrawal of a fixed deposit.
The interest rates offered on the Kamdhenu deposit scheme to the general public and senior citizens are 5.50% p.a. and 6.00% p.a., respectively.
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