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    Shamrao Vithal Cooperative Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    15 Days to 10 Years
    5.00% - 8.05% Compound Yearly
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹15Lakhs
    1 Year to 5 Years
    7.80% - 7.90% Quarterly compounding
    Response Time Within 30 minutes
    Frills
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.28% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Shamrao Vithal Cooperative Bank Fixed Deposit Rates is Rated as "Great!" by 1 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    Shamrao Vithal Cooperative Bank Fixed Deposit Rates

    Shamrao Vithal Cooperative (SVC) Bank Ltd, now known as SVC Co-operative Bank Limited,  was established in 1906 and has been operating ever since. Shamrao Vithal Cooperative fixed deposit schemes and cumulative deposit schemes were launched as early as 1906. There are different types of FD accounts that one can invest in such as short-term, long-term, cash certificates and tax saver term deposits. The bank also caters to the investment needs of Non-Resident Indians (NRIs) by offering NRO, NRE and FCNR deposits. Those who want to apply for SVC FDs can do so online on their website and also download the FD application form.

    Given below are the SVC Bank fixed deposit rates for regular and senior citizens with effect from 17 April, 2018:

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    15 days to 90 days 4.75% 5.00%
    91 days to 180 days 6.25% 6.50%
    181 days to less than 1 year 6.50% 6.75%
    1 year to 5 years 6.75% 7.00%
    Above 5 years to 10 years 6.50% 6.65%

    *The rates are applicable for all deposits that are up to Rs.15 lakh

    SVC Special Deposit Rates

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    AV Deposit Scheme - 366 days 7.15% 7.40%
    Mangal Moorti Scheme - 24 months 7.00% 7.25%
    Tax Saver Scheme (5 years) 7.00% 7.00%

    *The rates are applicable for all deposits that are up to Rs.15 lakh

    SVC Bank short-term fixed deposit rates

    • The minimum number of days for which an FD can be opened is 15 days to 90 days, for which interest payments come at the rate of 4.75% p.a.
    • The slab at which interest payment is made is from a minimum of 4.75% p.a. to a maximum of 6.50% p.a. as far as short-term time deposits are concerned.
    • An SVC fixed deposit customer can expect to earn 6.25% p.a for investing in a period that is from 91 days to 180 days.
    • In this type of investment tenure, the highest interest rate of 6.50% p.a. is paid for a period that is from 181 days to 364 days.

    SVC Bank medium-term fixed deposit rates

    • Medium-term schemes offered by this bank definately pay higher than the short-term counterparts.
    • For example, for 365 days to less than 2 years, the bank will give all FD customers 6.75% p.a.
    • The above mentioned interest rate will be paid for a period that is anywhere from 1 year to 5 years.
    • However, it is important to note here that for all tax saver FDs, also known as the SVC tax exemption scheme, the rate of interest paid is 7.00% p.a.

    SVC Bank long-term fixed deposit rates

    • Any long-term investment made will be from a tenure of more than 5 years to 10 years.
    • The interest rate that will be offered to all such investments made with the respective banks is 6.50% p.a.

    SVC Bank senior citizen fixed deposit rates

    • Any individual who is currently above 60 years of age and has provided sufficient proof to the bank for the same can avail the perk of additional interest rate payment on fixed deposits.
    • There will be an additional 0.25% paid per annum to all those who fall in this category.
    • The range at which interest is paid is from 5.00% p.a. to 7.00% p.a

    Special deposit schemes

    SVC Bank also offers a number of other special fixed deposit schemes that offer a much higher rate of interest when compared to the regular option. The range at which interest payment is made is from 7.00% p.a. to 7.15% p.a. for regular individuals. For senior citizens the rate paid is in the range between 7.00% p.a. to 7.40% p.a. Let us now take a more detailed look at each of these special schemes and the rates offered on them.

    1. The AV Deposit Scheme: The AV deposit scheme comes for a fixed duration of 366 days and will pay a simple interest of 7.15% p.a. For the same scheme, senior citizens will be paid 7.40% p.a.
    2. Mangal Moorti Scheme: The Mangal Moorti Scheme is for a fixed duration of 2 years and will pay simple interest at the rate of 7.00% p.a for regular individuals and 7.25% p.a. for those who are 60n years and above.
    3. Tax Saver Scheme: The tax saver scheme is for a 5-year period and offers up to Rs.1.5 lakh as a tax exemption under Section 80 C of the Income Tax Act in India. The rate of interest paid is 7.00% p.a for both regular and senior citizen investors.

    SVC Bank NRI fixed deposit rates

    SVC Bank offers different types of deposit options for NRIs. The following are the options:

    1. Non-Resident Ordinary (NRO) FDs: The principal that is invested in NRO deposits is non-repatriable but the interest that is gained will be subject to full repatriability. The earnings that are made through this type of investment will be subject to taxes.
    2. Non-Resident External (NRE) FDs: The returns that are earned from this type of FD is tax-free. These are basically rupee deposits for parking foreign earnings and gaining a good rate of return in the home country. Loans can be taken on this FD and customers can enjoy the benefit of full repatriability.
    3. Foreign Currency Non-Resident (FCNR) deposits: These are high-yielding investments that can be made in some of the major currencies in the world. The bank at present offers as many as 4 currencies which are: USD, GBP, EUR, JPY and AUD.
    4. Resident Foreign Currency (RFC): An RFC deposit is a type of deposit option designed for NRIs who have returned to their home countries. They pay a high rate of return on foreign currency deposits.

    Given below are the latest and revised NRE FD rates offered by SVC Bank:

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    1 year to less than 2 years 6.75% NA
    2 years (Mangal Moorti Scheme) 7.00% NA
    More than 2 years to 5 years 6.75% NA

    NRO FD Rates

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    15 days to less than 90 days 4.75% NA
    91 days to 180 days 5.00% NA
    181 days to 364 days 6.00% NA
    365 days to less than 2 years 6.75% NA
    366 days 7.00% NA
    24 months 7.00% NA
    More than 2 years to 5 years 6.75% NA
    More than 5 years to 10 years 6.50% NA

    SVC Bank FCNR Rates

    Tenure/ Currency AUD JPY EUR GBP USD
    1 year to less than 2 years 2.57% 0.53% 1.00% 1.90% 3.75%
    2 years to less than 3 years 2.60% 0.55% 1.25% 2.00% 4.00%
    3 years to less than 4 years 2.67% 0.07% 2.00% 3.00% 4.00%
    4 years to less than 5 years 2.92% 0.08% 2.25% 3.25% 4.00%
    5 years 2.76% 0.10% 2.50% 3.25% 4.00%

    RFC Deposit Rates

    Tenure/Currency EUR USD GBP
    1 year 1.00% 3.75% 1.90%
    2 years 1.25% 4.00% 2.00%
    3 years 2.00% 4.00% 3.00%

    SVC FD Rates Reviews

    • The Shamrao Vithal Cooperative Bank Fixed Deposit
      "Need One..!!"
      0.5 4.0/5 "Great!"
      I have a fixed deposit with The Shamrao Vithal Cooperative Bank for a tenure period of 5 years. They are customer friendly. The create a comfortable atmosphere to the customers.They respond on time in case of any issues. This FD can be broke at any time. The ATMs are less in this bank, can be found only near branches. Other facilities are good.
      Was this review helpful? 3
      , mumbai
      Reviewed on Aug 05, 2015
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