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- The deposit cannot be withdrawn before 5 years.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
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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.
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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.
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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.
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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.
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Does Tamilnadu State Apex Co-operative Bank offer a nomination facility?
Yes, the facility of nomination is available.
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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.
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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.
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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.
