Deposite Interest Rate

Deposit Interest Rate

I. Fixed Deposit Slab Rates W.E.F 15.12.2022
S.No	Duration	Rate of Interest (% p.a.)
		General	Senior Citizen
1	7 days to 30 days	3.75	4.25
2	31 days to 45 days	4.00	4.50
3	46 days to 90 days	4.50	5.00
4	91 days to 180 days	5.25	5.75
5	181 days to < 1 year	5.75	6.25
6	1 year to 2 years	6.50	7.00
7	>2 years to 3 years	6.50	7.00
8	>3 years to 5 years	6.00	6.50
9	>5 years to 10 years	6.00	6.50

II. Recurring Deposit Slab Rates W.E.F 15.12.2022
S.No	Duration	Rate of Interest (% p.a.)
		General	Senior Citizen
1	1 year to 2 years	6.50	7.00
2	>2 years to 3 years	6.50	7.00
3	>3 years to 5 years	6.00	6.50
4	>5 years to 10 years	6.00	6.50

IV. Special Deposit Slab Rates W.E.F 15.12.2022 (Valid Upto 31.03.2023)
S.No	Duration	Rate of Interest (% p.a.)
		General	Senior Citizen
1	1 year	7.25	7.75

Rates applicable to Senior citizens would be paid to Government/Semi-government and Registered trusts/Organizations which are exempt u/s 80 (G) of the Income Tax Act for which prior approval of the Head Office would be necessary.
No additional interest would be paid on Bulk Deposits.
Penal interest would be applicable on premature withdrawal as before.
Copy of interest rates should be displayed on the branch’s Notice Board.
All other conditions would remain the same.
Staff rates would not be applicable on Ill and IV above.

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Urban co-operative bank of uttarakhand

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