The Moga Central Cooperative Bank Ltd.,is registered with DICGCInterest Rates
| As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest decided by the Bank from time to time (existing rate is 3.50 % p.a.). | ||
| Savings Bank Rate | 3.50 % p.a. | |
| Fixed Deposits Interest Rate | ||||||
|---|---|---|---|---|---|---|
| The Bank pays interest on deposits as per various deposit schemes. Interest Rates are revised from time to time and made known to public. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate | ||||||
| Interest Rate on Term Deposits AS ON 27.02.2023 | ||||||
| Tenure | General | Senior Citizen | Staff/Ex. Staff | Ex.Staff Senior Citizen |
|---|---|---|---|---|
| 07-14days | 3.50 | .......... | .......... | .......... |
| 15-45 days | 3.75 | .......... | .......... | .......... |
| 46-60 days | 4.50 | .......... | .......... | .......... |
| 61-90 days | 4.50 | .......... | .......... | .......... |
| 91-179 days | 5.00 | .......... | .......... | .......... |
| 180-269 days | 5.80 | .......... | .......... | .......... |
| 270-364 days | 6.00 | .......... | .......... | .......... |
| 1 Year To 624 days | 6.80 | 7.30 | 7.80 | 8.30 |
| 625 days | 7.30 | 7.80 | 8.30 | 8.80 |
| From 626 days UPTO 10 Years | 6.80 | 7.30 | 7.80 | 8.30 |
| The bank will pay simple interest for the deposit less than 1 year i.e. 7 days to 364 days. For deposit more than 1 year compound interest will be paid. | ||||
1. Senior Citizen - Senior Citizens will be paid interest at 50 basis point higher that applicable FD rate.
Disclaimer - The mark-up would be revised at the Bank's discretion. The revised mark-up would be applicable only for fresh and renewal of existing deposits.