New India Co-Operative Bank FD Rates

New India Co-Operative Bank offers its customers a fixed deposit scheme with a minimum deposit amount of Rs.1,000. The tenure for this scheme ranges from 15 days to 10 years. The bank also offers auto-renewal facility and nomination facilities to its fixed deposit customers.

New India Co-Operative Bank Features

The various features of New India Co-Operative Bank Fixed Deposit Schemes are mentioned below:

Account type Single or jointly
Deposit Minimum: Rs.1,000
Tenure

Minimum: 15 days

Maximum: 10 years

Nomination facility Available
Auto-renewal facility Available
Loan facility Available

New India Co-Operative Bank Fixed Deposit Scheme Interest Rates

The interest rates for New India Co-Operative Bank Fixed Deposit Scheme for deposits below Rs.25 lakh are given below:

Tenure Normal Interest Rate (p.a.)
15 days – 45 days 3.75%
46 days – 3 months 4.00%
3 months 1 day – 6 months 4.50%
6 months 1 day – 9 months 5.00%
9 months 1 day – less than a year 5.75%
1 year – 2 years 6.25%
2 years and above – 3 years 6.75%
3 years and above – 5 years 7.00%
5 years and above – 10 years 7.25%

Note: These interest rates are applicable since 27 September 2021 and can be changed as per the Bank’s rules and regulations.

New India Co-Operative Bank Fixed Deposit Scheme Eligibility Criteria

The eligibility criteria for New India Co-Operative Bank Deposit Scheme are:

  • Indian residents over the age of 18

Documents Required for New India Co-Operative Bank Fixed Deposit Scheme

The documents that are required to open an account under the New India Co-Operative Bank Fixed Deposit Scheme are:

  • Photo identity proof
  • Address proof

FAQs on New India Co-Operative Bank FD Rates

  1. Does New India Co-Operative Bank Fixed Deposit Scheme offer any special interest rates to senior citizens?

    No, New India Co-Operative Bank Fixed Deposit Scheme does not offer any special interest rates to senior citizens.

  2. What is the maximum interest rate offered by New India Co-Operative Bank Fixed Deposit Scheme?

    The maximum interest rate offered by New India Co-Operative Bank Fixed Deposit Scheme is 7.25%.

  3. What is the minimum deposit amount required to open an account under the New India Co-Operative Bank Fixed Deposit Scheme?

    The minimum deposit amount required to open an account under the New India Co-Operative Bank Fixed Deposit Scheme is Rs.1,000.

  4. What is the minimum tenure to open an account under the New India Co-Operative Bank Fixed Deposit Scheme?

    The minimum tenure to open an account under the New India Co-Operative Bank Fixed Deposit Scheme is 15 days.

  5. Is loan facility available under the New India Co-Operative Bank Fixed Deposit Scheme?

    Yes, loan facility is available under the New India Co-Operative Bank Fixed Deposit Scheme.

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