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    Shamrao Vithal Cooperative Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    15 Days to 10 Years
    5.5% - 8.05% Compound Yearly
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹15Lakhs
    1 Year to 5 Years
    7.7% - 7.9% Quarterly compounding
    Response Time Within 30 minutes

    Shamrao Vithal Cooperative Bank Fixed Deposit Rates is Rated as "Great!" by 1 Users

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    Find Best Shamrao Vithal Cooperative Bank Fixed Deposit interest Rates

    Shamrao Vithal Cooperative (SVC) Bank’s fixed deposit schemes are bolstered by attractive interest rates and flexible term plans. The bank offers short-term deposit plans, long-term schemes and tax-saver plans under its fixed deposit services. The interest rates offered by the bank are as mentioned below:

    Shamrao Vithal Co-op. Bank Short-term Fixed Deposit Rates

    Short-term FD plans range from 15 days to 364 days. The maximum deposit amount is Rs. 15 lakhs. The interest rates for each term plan are as follows:

    Tenure Interest Rate in percentage per annum Senior Citizens
    15 days to less than 90 days 6.25 6.25
    90 days 6 6
    91 days to less than 180 days 7 7.15
    180 days 6.5 6.65
    181 days to 364 days 7.35 7.5

    Shamrao Vithal Co-op. Bank Long-term FD Schemes

    Long-term FD schemes range from 365 days to 10 years. The maximum deposit amount is Rs. 15 lakhs. The interest rates for each tenure are given below:

    Tenure Interest Rate in percentage per annum Senior Citizens
    365 days to 554 days 8.1 8.25
    556 days to 36 months 8.15 8.3
    Above 36 months to 60 months 8.1 8.25
    Above 60 months to 120 months 7.75 7.75

    Other FD Schemes Rates by Shamrao Vithal

    The bank also offers an AV Deposit Scheme of 366 days at a simple interest of 8.25 percent per annum (with 8.4 percent for senior citizens) and a Mangal Moorti Scheme of 555 days with the same interest rates as the AV Deposit Scheme.

    SVC Bank’s Tax Saver scheme of 5-year tenure attracts an interest rate of 8 percent per annum, without any additional interest rate for senior citizens.

    Fixed Deposit Rates for NRIs Shamrao Vithal

    Non-resident Indians can manage their funds in Indian Rupees through an NRO (non-resident ordinary) FD scheme. The interest rates for NRO accounts are slightly different than the rates for Indian citizens, but the margin in minimal. SVC Bank offers the below-mentioned interest rates for NRO fixed deposits:

    Tenure Interest Rates in percentage per annum
    15 days to less than 90 days 6.5
    90 days 6
    91 days to less than 180 days 7.25
    180 days 6.75
    181 days to 364 days 7.25
    365 days to 399 days 8.6
    401 days to 24 months 8.6
    Above 24 months to 60 months 8.5
    Above 60 months to 120 months 8
    Tax Saver Scheme [5 years] 8.5
    AV Deposit Scheme – 366 days (Simple Interest) 8.75
    Mangal Moorti Scheme – 400 days (Simple Interest) 8.75

    Under Non Resident External (NRE) deposit schemes, non-resident Indians can deposit money in foreign currency. This will be converted to Indian Rupees and saved in the fixed deposit. FD rates for NRE customers differ slightly from the schemes available for resident Indians. There are no special rates for NRE senior citizen accounts. Here is the break-up of the rates:

    Tenure Interest Rate in percentage per annum
    365 days to 554 days 8.1
    Mangal Moorti Scheme - 555 days (Simple Interest) 8.25
    556 days to 36 months 8.15
    Above 36 months to 60 months 8.1

    Non Resident Indians and Persons of Indian Origin can also maintain deposits in foreign currency under the FCNR Deposits schemes. The rates for that are given below:

    Tenure Interest Rates in percentage per annum
    British Pound US Dollar Euro Japanese Yen Australian Dollar

    1 year to less than

    2 years

    2.58 2.7 1.86 2.01 4.14

    2 years to less than

    3 years

    2.8 2.86 1.84 2 4.03

    3 years to less than

    4 years

    3.93 4 2.89 3 5.06

    4 years to less than

    5 years

    4.06 4.15 2.98 3.02 5.27
    5 years 4.4 4.29 3.09 3.05 5.36

    News about Shamrao Vithal Cooperative Bank Fixed Deposit

    • Shamrao Vithal Cooperaive Bank Revised the Fixed Deposit Rates of Interest

      by BankBazaar posted on 13th September 2016

      The revised rates for tenure of 15 days to below 90 days are 6.25% for regular accounts and senior citizens accounts. For tenure of 90 days, the rates for individual and senior citizens accounts are 6%. For 91 days to below 180 days, the rates are 7% (regular) and 7.15% (senior citizens). For tenure of 180 days, the revised rates for senior citizens stand at 6.65% and for regular accounts the rate stand at 6.50%. For tenure of 181 days to below 364 days, revised rate for all the regular accounts stands at 7.35% ad rate for senior citizens accounts stands at 7.50%.

      BankBazaar News About Loan
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