Shamrao Vithal Cooperative Bank Fixed Deposit Rates

Established in 1906, the Shamrao Vithal Cooperative Bank also known as SVC Cooperative Bank Limited is known to be one of the oldest cooperative urban banks in the country.

Updated On - 05 Sep 2025
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The bank offers customers, Fixed Deposits which can range from a minimum of 15 days and can last up to 10 years depending on the type of fixed deposit chosen. The interest for the fixed deposit ranges between 3.50% p.a. to 7.10% p.a. depending on the tenure as well as the type of fixed deposit you opt for.

Interest Rates for Fixed Deposits below Rs.2 crore

Tenure

Regular FD Rates p.a.

Senior Citizen FD Rates p.a.

15 days to 45 days

3.50%

4.00%

46 days to 84 days

4.00%

4.50%

85 days

4.00% 

4.50%

 86 days to 90 days

4.75%

5.25% 

91 days to 179 days

4.75%

5.25%

180 days 

6.00%

6.50%

181 days to 329 days

6.00%

6.50%

330 days

6.25%

6.75%

331 days to 389 days

7.00%

7.50%

390 days

7.10%

7.60%

391 days to 480 days

7.00%

7.50%

481 days to 719 days

7.00%

7.50%

720 days

7.00%

7.50%

721 days to 780 days

7.00%

7.50%

781 days to 36 months

7.00%

7.50%

Above 36 months to less than 39 months

7.00%

7.50%

39 months 

7.00%

7.50%

Above 39 months up to 60 months 

7.00%

7.50%

Above 60 months to 120 months

7.00%

7.75%

Tax exemption Scheme (5 Years)

7.00%

7.00%

*The rates are applicable for all deposits that are below Rs.2 crore.

Interest Rates for Fixed Deposits Above Rs.2 crore:

Tenure

Regular FD Rates p.a.

Senior Citizen FD Rates p.a.

15 days to 45 days

3.50%

4.00%

46 days to 84 days

4.00%

4.50%

85 days

4.00%

4.50%

 86 days to 90 days

4.75%

5.25%

91 days to 179 days

4.75%

5.25%

180 days 

6.00%

6.50%

181 days to 329 days

6.00%

6.50%

330 days

6.25%

6.75%

331 days to 389 days

7.00%

7.50%

390 days

7.10%

7.60%

391 days to 480 days

7.00%

7.50%

481 days to 719 days

7.00%

7.50%

720 days

7.00%

7.50%

721 days to 780 days

7.00%

7.50%

781 days to 36 months

7.00%

7.50%

Above 36 months to less than 39 months

7.00%

7.50%

39 months 

7.00%

7.50%

Above 39 months up to 60 months 

7.00%

7.50%

Above 60 months to 120 months

7.00%

7.75%

Tax exemption Scheme (5 Years)

NA

NA

Types of SVC Fixed Deposit Schemes

SVC Bank Short Term Fixed Deposit Scheme

  1. A short-term fixed deposit can be opened for a minimum number of 15 days and a maximum number of 364 days.
  2. The interest rate of the short-term fixed deposit ranges from 3.50% p.a. to 7.00% p.a.
  3. The minimum amount of money required to open this fixed deposit account is Rs.1,000.
  4. For a period of 46 to 90 days, the interest earned by the customer will be 4.00% p.a.
  5. However, if the tenure is between 181 days to 364 days, which is a minimum of 3 months to less than a year, an interest of 6.00% p.a. can be earned.
  6. The interest amount will be paid on maturity along with the principal amount.

SVC Bank Long Term Fixed Deposit Scheme

  1. The minimum amount needed to open a long-term fixed deposit account is Rs.1,000.
  2. Minimum period for this type of fixed deposit is 1 year and the maximum is 10 years.
  3. The rate of interest ranges between 7.10% p.a. to 7.00% p.a. depending on the tenure of fixed deposit chosen.
  4. Since it is a long-term account, the rate of interest on the deposit is paid on a monthly, quarterly, half-yearly or a yearly basis as decided by the customer.

SVC Bank Senior Citizen Fixed Deposit Scheme

  1. Benefits of fixed deposit account for senior citizens can be availed by those above the age of 60 years. Proof of age is required.
  2. The rate of interest depending on the type of fixed deposit availed ranges between 4.00% p.a. to 7.75% p.a. for a senior citizen.
  3. An excess of 0.25% of interest is given to senior citizens when compared to citizens below the age of 60 for any category of fixed deposit account.

Established in 1906, the Shamrao Vithal Cooperative Bank also known as SVC Cooperative Bank Limited is known to be one of the oldest cooperative urban banks in the country.

SVC Bank Fixed Deposit for NRIs

The bank offers fixed deposit accounts for Non-Resident Indians under these categories

NRE Fixed Deposit Account

In this type of fixed deposit account, a customer can deposit his or her foreign earnings here and also avail a good return rate. Money deposited in this account will be converted into Indian Rupees and also will be free of tax. From this fixed deposit account, loans can be taken within the country as well as abroad.

The interest rates of a NRE fixed deposit account below Rs.2 crore are:

Tenure

Interest Rate (per annum)

365 days to 389 days

7.00% p.a.

390 days

7.10% p.a.

391 days to 480 days

7.00% p.a.

481 days to 719 days

7.00% p.a.

720 days

7.00% p.a.

721 days to 780 days

7.00% p.a.

781 days to 36 months

7.00% p.a.

Above 36 months to less than 39 months

7.00% p.a.

39 months

7.00% p.a.

Above 39 months to 60 months

7.00% p.a.

Foreign Currency Non-Resident Rates

A customer can apply for a fixed deposit account with SVC Bank for NRI only if he or she is of Indian origin or nationality but not living in India.

  1. The tenure for fixed deposit accounts for Non-resident Indians is a minimum of 1 year and maximum of 5 years.
  2. Minimum deposit amount is $1,000 or an equivalent amount accepted in Great Britain Pound/Sterling Pound, Euro, Japanese Yen and Australian Dollar.
  3. The principal amount and interest will not be subject to any taxes.
  4. The amount under interest and principal are repatriable.

The interest rates for fixed deposit for Foreign currency non-resident are:

Tenure/currency

USD

JPY

AUD

GBP

EUR

12 months to less than 2 years

5.25%

0.10%

0.10%

0.50%

0.10%

24 months to less than 3 years

4.25%

0.00%

0.00%

0.00%

0.00%

36 months to less than 4 years

4.00%

0.00%

0.00%

0.00%

0.00%

48 months to less than 5 years

4.00%

0.00%

0.00%

0.00%

0.00%

5 years

4.00%

0.00%

0.00%

0.00%

0.00%

Resident Foreign Currency

This particular type of fixed deposit account can be opened by the NRI who has now returned and is staying in India.

  1. A customer is eligible to open this type of fixed deposit account if he or she has returned to India after 18 April 1992 and is a permanent resident of India. Apart from that, before returning, the customer should have stayed in a different country for a period of more than 1 year.
  2. Deposits in this account can be made in terms of any currency which can be convertible easily.
  3. The minimum tenure for a Resident Foreign Currency fixed deposit account is 1 year and for a maximum of 3 years.
  4. $1,000 is the minimum amount which needs to be deposited.
  5. Money in the RFC fixed deposit account can be used abroad and also can be used locally by converting it into Indian rupee.
  6. If the customer holding the account is to shift abroad, this account can be converted into an FCNR account.

The interest rates for RFC fixed deposit account are

Tenure/currency

USD

EUR

GBP

1 year

5.25%

0.10%

0.50%

2 years

4.25%

0.00%

0.00% 

3 years

4.00%

0.00% 

0.00% 

FAQs on Shamrao Vithal Cooperative Bank Fixed Deposit Rates

  • What is the special rate of interest for senior citizens?

    The special rate of interest for senior citizens is 0.25% p.a.

  • What is the highest and lowest rate of interest on FD schemes by the SVC?

    The highest and lowest rate of interest on FD schemes by the SVC is 2.90% p.a. and 5.60% p.a., respectively.

  • What is the minimum deposit amount?

    The minimum deposit amount is Rs.1,000.

  • What is the penalty for premature withdrawal?

    A penalty of 1.00% will be levied for premature withdrawal.

  • Is the facility for premature withdrawal of FD available?

    Yes, SVC Bank offers a premature withdrawal facility on FD schemes.

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