- THE NAWANAGAR CO - OPERATIVE BANK LTD.
Revised interest rates effective from 1.10.2025
| Sr. No. | Period | For General Public | For Senior Citizens |
| 1 | 7 Days to 29 Days | 3.50% | 3.50% |
| 2 | 30 Days to 45 Days | 3.50% | 3.50% |
| 3 | 46 Days to 90 Days | 4.00% | 4.00% |
| 4 | 91 Days to 180 Days | 4.25% | 4.25% |
| 5 | 181 Days to 1 Year | 6.00% | 6.50% |
| 6 | Over 1 Year to 2 Years | 6.75% | 7.25% |
| 7 | Over 2 Years to 5 Years | 6.50% | 7.00% |
Note:
- Rates are subject to change without prior intimation.
- Persons aged 60 years or above will be considered as senior citizens. Satisfactory proof of age will have to be submitted to the Bank. Senior citizens will be eligible for additional interest of 0.5% on deposits for period of 180 days and above.
- Penalty at 1% on the applicable rate for the period for which the deposit was maintained with the Bank shall be applied on premature withdrawal of the deposit.
- The interest paid by the Bank will be subject to TDS as per Income Tax Act.
- The rate of interest as applicable to Term Deposits would be applicable to Recurring Deposit Accounts also.