Sumerpur Mercantile Urban Co-Op. Bank Ltd.
Fixed Deposit
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This account can be opened in Individual name or jointly with others. Fixed Deposit account provides opportunity to depositor to save money for a specific period of time, ranging from 45 days to 10 years & above. Interest is calculated at simple interest method. Interest on the deposit payable to the depositor on monthly/quarterly basis. Premature withdrawal and loan against Fix deposit facility are available. Nomination facility available for this account.
Kindly refer to our separate interest section for current interest rates, For details/queries, contact your nearest branch.
INTEREST RATE ON FIXED DEPOSIT
NORMAL INTEREST RATE
SENIOR CITIZEN RATE
7 days to 45 days
4.00
4.00
46 days to 90 days
4.00
4.00
91 days to 180 days
5.25
5.25
181 days to 364 days
5.50
5.50
1 year to 2 years
6.75
7.25
Above 2 years to 3 years
7.00
7.50
Above 3 years to 5 years
7.10
7.60
Above 5 years to 10 years
5.75
6.25