Tamilnadu State Apex Co-operative Bank FD Rates

Tamilnadu State Apex Co-operative Bank offers fixed deposit schemes to the general public as well as senior citizens for tenures ranging between 15 days and 10 years. The interest rates for a fixed deposit scheme range from 3.75% p.a. to 6.50% p.a.

Features of Tamilnadu State Apex Co-operative Bank Fixed Deposit

The features of a fixed deposit offered by Tamilnadu State Apex Co-operative Bank are as follows:

  • A fixed deposit can be opened by individuals, joint investors, minors, and institutions.
  • The minimum deposit amount is Rs.1,000.
  • Tenures range from 15 days to 10 years.
  • Interest is paid on a monthly, quarterly, half-yearly, and yearly basis for deposits of 1 year and above.
  • A premature withdrawal facility is available.
  • Loans against fixed deposits can be availed.
  • The facility of nomination is available.

Tamilnadu State Apex Co-operative Bank Fixed Deposit Rates

Given below are the interest rates of the fixed deposit scheme offered by Tamilnadu State Apex Co-operative Bank:

Tenure General Public Interest Rates p.a. Senior Citizen Interest Rates p.a.
15 days – less than 30 days 3.75% 3.75%
30 days – less than 46 days 3.75% 3.75%
46 days – less than 91 days 4.25% 4.25%
91 days – less than 120 days 5.25% 5.25%
120 days – less than 180 days 5.30% 5.30%
180 days – less than 271 days 5.35% 5.35%
271 days – less than 1 year 5.75% 5.75%
1 year – less than 2 years 6.00% 6.50%
2 years – less than 3 years 5.85% 6.35%
3 years and above 5.75% 6.25%
Tax Benefit Deposit (5 years and above) 6.00% 6.00%

Features of Tamilnadu State Apex Co-operative Bank Tax Benefit Deposit 2006

The features of Tamilnadu State Apex Co-operative Bank Tax Saver Benefit Deposit are as follows:

  • The minimum deposit amount is Rs.1,000 and the maximum deposit amount is Rs.1 lakh.
  • The interest rate of this deposit is 6.00% p.a.
  • The lock-in period is 5 years.
  • Tenures range from 5 years to 10 years.
  • The facility of taking loans against the deposit is not available.
  • The deposit cannot be withdrawn before 5 years.

FAQs on Tamilnadu State Apex Co-operative Bank FD Rates

  1. What is the interest rate of the fixed deposit offered by Tamilnadu State Apex Co-operative Bank?

    The interest rates of the fixed deposit offered by Tamilnadu State Apex Co-operative Bank range from 3.75% p.a. to 6.50% p.a.

  2. What is the minimum tenure for a fixed deposit with Tamilnadu State Apex Co-operative Bank?

    You can open a fixed deposit for tenures ranging from 15 days to 10 years.

  3. Can a minor open a fixed deposit with Tamilnadu State Apex Co-operative Bank?

    Yes. Minors can open a fixed deposit with their natural guardian.

  4. What is the minimum deposit amount for a fixed deposit offered by Tamilnadu State Apex Co-operative Bank?

    The minimum deposit amount is Rs.1,000.

  5. Does Tamilnadu State Apex Co-operative Bank offer a nomination facility?

    Yes, the facility of nomination is available.

  6. What is the interest rate of Tamilnadu State Apex Co-operative Bank Tax Saver Benefit Deposit?

    An interest rate of 6.00% p.a. is offered on Tamilnadu State Apex Co-operative Bank Tax Saver Benefit Deposit.

  7. Can I withdraw my Tax Saver Benefit Deposit prematurely?

    No, you cannot withdraw your Tax Saver Benefit Deposit until the lock-in period of 5 years is completed.

  8. What are the minimum and maximum deposit amounts for the Tax Saver Benefit Deposit?

    The minimum deposit amount is Rs.1,000 and the maximum deposit amount is Rs.1 lakh.

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