Deposit Interest Rate- The Surat People's Co-operative Bank Ltd.

Rate of Interest on Deposits

(W.E.F – 15.04.2023)

Duration	Rate of Interest on Deposits Less than ₹ 1 Crore (RETAIL RATE)	Rate of Interest on Deposits for Senior Citizens ( 0.75 % Extra)*	Rate of Interest on Deposits ₹ 1 Crore to ₹ 14,99,99,999 (BULK RATE)	Rate of Interest on Deposits ₹ 15 Crore and above (BULK RATE)
7 days upto 14 days	4.00	4.00	4.00	4.00
15 days upto 30 days	4.00	4.00	4.00	4.00
31 days upto 45 days	4.00	4.00	4.00	4.00
46 days upto 90 days	4.75	4.75	4.75	4.75
91 days upto 180 days	4.75	4.75	4.75	4.75
181 days upto 1 Year	5.50	5.50	5.50	5.50
Above 1 Year upto 2 Years	7.00	7.75	7.25	7.25
Above 2 Years upto 3 Years	7.00	7.75	7.25	7.25
Above 3 Years upto 4 Years	7.00	7.75	7.25	7.25
Above 4 Years upto 5 Years	7.00	7.75	7.25	8.25
Above 5 Years upto 8 Years	6.75	7.50	7.00	8.00
Above 8 Years upto 10 Years	6.75	7.50	7.00	8.00
Vasudhara Tax Planning Scheme	7.00	7.75	7.25	8.25
666 Days Deposit Scheme (w.e.f.01/02/2023) (cumulative & non cumulative)	8.00	8.00	8.00	8.00

Interest Rates on Savings deposit – 3.50%
Staff / Ex- Staff is entitled to 1% more for Term deposits.[Except for 666 Days Scheme]
Senior Citizens of 60 years and above are entitled to 0.75 % more for the term deposit of above 1 year on fresh / renewal of deposits.[Except for 666 Days Scheme]
Bulk Deposits (single depositor of ₹ 1.00crore to ₹ 14,99,99,999) rate of interest 0.25% more from above rates for term deposit of above 1 year. [Except for 666 Days Scheme]
Bulk Deposit (single depositor of Rs. 15crore and above) rate of interest 1.25% more from above rates for term deposit of above 4 years. (Except for 666 Days Scheme)
No Interest on Current deposits.
Co-operative Banks Term deposit not to be accepted for Bulk Deposit of 1Crore & above and 666 Days Scheme.( Co-operative Banks single Term deposit will be accepted up to 99,99,999/-)

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Deposit Interest Rate