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Interest Rates

An expansive ATM network; mobile, phone, internet, doorstep banking; customised loan products and a wide range of accounts and deposits — personalised banking climbs a notch higher with The Citizen Co-operative Bank Ltd.

Interest Rate on Deposits(Effective from 04.01.2016)

Choose from a wide range of current account products as per your business need.

SR.NO. Period Interest Rate
% P.A
A Saving Account
1 Saving account 4.00 P.A.
B Term Deposit
1 From 15 to 45 days 4.50 P.A.
2 From 46 to 90 days 5.50 P.A.
3 From 91 to 180 days 7.00 P.A.
4 Above 181 days upto 1 year 8.25 P.A.
5 Above 1 year to less than 2 years 9.00 P.A.
6 For 2 years 8.75 P.A.
7 Above 2 years 8.50 P.A.

Note: Interest Rate on Deposits(Effective from 04.01.2016)

1 Senior Citizen above the age of 60 years
(After submission of proof of age)
0.75% P.A.
Extra
2 Super Senior Citizen above the age of 60 years
(After submission of proof of age)
0.85% P.A.
Extra
3 On single deposit of Rs. 15.00 lakhs and above
Note:-Prepayment is not allowed as per RBI guidelines)
0.25% P.A.
Extra
4 Only one facility can be availed on one deposit

Deposit in cash certificates will be double in 8 years 4 months

On Deposit of Rs. 500/- To Rs. 1008/-
On Deposit of Rs. 2500/- To Rs. 5039/-
On Deposit of Rs. 5000/- To Rs. 10078/-

If the FDR for the period one year and above is got prematured before 12 months than there will be a penalty of 1 % which will be deducted from the rate of interest applicable for the said period. Interest rates on deposits of Rs. 1 crore < rs.5 crores


INTEREST RATES OF LENDING EFFECTIVE FROM 04.01.2016

SR.NO. Particular Interest Rate P.A Interest Rate on timely Payment EMI Advance
1 TERMS LOANS-(SURETIES-UNSECURED)
(Processing Charges @ 0.5 % of Loan amount)
17.50% 0.50%
2 COONSUMER DURABLE LOANS
(Processing Charges @ 0.5% of Loan amount)
17.50% 0.50%
3 LOANS FOR VEHICLE PURCHASE
(Processing Charges @ 0.5%)
A) NEW VEHICLE
1 TO 3 YEARS 11.25% NIL 1*
Above 3 TO 5 YEARS 12.25% NIL 2*
ABOVE 5 YEARS 12.75%s NIL 2*
B) OLD VECHILE
UPTO 3 YEARS 14.00% NIL 2*
C) COMMERCIAL NEW
UPTO 3 YEARS 13.00% NIL 1*
ABOVE 3 YEARS 13.25% NIL 2*
D) COMMERCIAL OLD
UPTO 3 YEARS 15.50% NIL 1*
(*EMI Advance may be one or more than one at the discretion of Chairman /C.E.O.)
4 C) SECURED LOAN AGAINST VEHICLE 14..00%
5 HOUSING LOANS FOR PURCHASE OF PLOTS &HOUSES
(Processing Charges @ 0.5% of loan amount)
Upto 5 YEARS 11.00% NIL 1* FLOATING AFTER
Above 5 YEARS TO 10 YEARS 11.50% NIL 2* REVIEW SIX MONTHS
Above 10 YEARS TO 15 YEARS 12.00%
6 LOANS ON EQUITABLE MORTAGE OF PROPERTY
Upto One Crore 13.75%
Above One Crore 13.25%
(Processing Charges @ 0.5% of Loan amount)
7 CASH-CREDIT(SUBJECT TO RENEWAL AFTER ONE YEARS)
(Processing Charges @ 0.5% of loan amount)
13.75% NIL
8 ADVANCES AGAINST GOLD JEWELLERY
(Maximum – 10 Lacs)
13.75%
9 70% ADVANCES AGAINST N.S.C.,L.I.C. POLICES,
UNIT MUTAL FUNDS & OTHER GOVT. SECURITIES 13.75% NIL
10 EDUCATION LOAN
(Processing Charges @ 0.5% of Loan amount)
13.50% NIL
11 LOANS AGAINST FDRS
A) 85% Advances against Bank's FDR in the same name. 1% Extra on Deposit Rates
B) 80% Advances against Bank's FDR in 3rd party name. 2% Extra on Deposit Rates
12 BILLS PURCHASE/DD/CHEQUES PURCHASE 17.50%

Note:- Cibil charges are applicable on all Loan Account except Vehicle and Unsecured Loans ,the details of charges are as under:-

On all Loan limit upto 10 Lakhs. Rs. 500/-
On all Loan limit above 10 Lakhs Rs. 1000/-