Nagar Urban Co Operative Bank Fixed Deposit Interest Rates (as on 19 Mar 2019)
As you know that a Fixed Deposit (FD) is an investment avenue offered by bank that gives you higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to higher returns offered by it.
Nagar Urban Co Operative Bank FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Nagar Urban Co Operative Bank FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Nagar Urban Co Operative Bank_ FD, it will start earning an interest based on the tenure of the deposit.
Following table provides you the details of various FD Rates offered by Nagar Urban Co Operative Bank. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Nagar Urban Co Operative Bank FD for different tenures by clicking on the "calculate" button provided in the table.
Features & Benefits: Nagar Urban Co Operative Bank Fixed Deposit
- Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
- FD account can be opened online or by visiting your nearest Nagar Urban Co Operative Bank branch.
- No cap on the Maximum Amount of FD
- FD Tenures: 7 days to 10 years
- Different interest payout options such as monthly, quarterly, etc.
- Loan/ Overdraft against FD facility is available upto 85% of the FD amount.
- Easy and fast liquidity options are available.
- Nomination facility is available.
- Tax benefit of amount up to Rs 1,50,000, through tax saving term deposit scheme
- Part withdrawal facility and auto-renewal facilities are also available
- Senior citizens can enjoy higher interest rate as compared to regular citizens
- NRE, NRO and FCNR deposit facility is offered by the bank
Who is Eligible for Nagar Urban Co Operative Bank Fixed Deposit
Resident Indians, Proprietor, Partnership Firm, Private or Public Limited Company, Hindu Undivided Family (HUF), Trust Associations and Clubs are eligible for investment.
Points to Remember while making Fixed Deposit
- Always compare tenure-wise FD interest rates of different banks before finalizing the bank for making FD, in order to get maximum interest rate on selected tenure.
- Choose the FD Tenure according to your convenience and objective behind investment.
- Opt for interest payout options such as monthly or quarterly, if required. Otherwise, choose cumulative option so that you can receive lump sum amount when FD gets matured.
- You can also avail loan or overdraft against FD, if you have immediate requirement of funds.
- Don't forget to make nomination in your FD account.
Calculation of Interest on FD of Nagar Urban Co Operative Bank
Interest on FD for different tenures is calculated in following manner:
- Simple interest is paid at maturity for fixed deposit tenure of less than 6 months.
- Interest is calculated on a quarterly basis for fixed deposit tenure of 6 months & above.
- Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
- In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate
Bank Recurring Interest Rates (as on 19 Mar 2019)
| Bank Name | 1 Year (p.a.) | 5 Years (p.a.) | Calculate |
|---|---|---|---|
| Esaf Small Finance Bank | 8.75% | 7.00% | |
| North East Small Finance Bank | 8.50% | 6.75% | |
| Suryoday Small Finance Bank | 8.50% | 7.25% | |
| Equitas Small Finance Bank | 8.50% | 7.00% | |
| Utkarsh Small Finance Bank | 8.50% | 7.00% | |
| Ujjivan Small Finance Bank | 8.30% | 6.50% | |
| Rbl Bank | 8.00% | 7.20% | |
| Indusind Bank | 8.00% | 7.25% | |
| Fincare Small Finance Bank Ltd | 8.00% | % | |
| Indusind Bank | 7.90% | 7.50% | |
| Capital Small Finance Bank | 7.65% | 7.50% | |
| Laxmi Vilas Bank | 7.60% | 7.75% | |
| Karnataka Bank | 7.50% | 6.50% | |
| Tamilnad Mercantile Bank | 7.40% | 6.90% | |
| Standard Chartered Bank | 7.40% | % | |
| Bandhan Bank | 7.35% | 6.40% | |
| City Union Bank | 7.35% | 6.70% | |
| Kotak Mahindra Bank | 7.30% | 6.50% | |
| Hdfc Bank | 7.30% | 6.50% | |
| Jammu And Kashmir Bank | 7.30% | 6.50% | |
| Axis Bank | 7.30% | 7.00% | |
| Federal Bank | 7.30% | 7.25% | |
| Idbi Bank | 7.25% | 6.25% | |
| Karur Vysya Bank | 7.25% | 7.00% | |
| Yes Bank | 7.25% | 7.25% | |
| Dcb Bank | 7.00% | 7.25% | |
| Catholic Syrian Bank | 7.00% | 6.50% | |
| Canara Bank | 7.00% | 6.20% | |
| Idfc Bank | 7.00% | 8.25% | |
| Au Small Finance Bank | 7.00% | 7.25% |
Public Sector Banks FD Interest Rates
Private Sector Banks FD Interest Rates
Gramin Banks FD Interest Rates
Co-Operative Banks FD Interest Rates
Foreign Banks FD Interest Rates
| Chinatrust Commercial Bank Limited | Citi Bank | Deustche Bank | Dbs Bank Ltd | Hsbc Bank | Standard Chartered Bank |
Upcoming Bank Holidays
2019 March 20 is a bank holiday in Assam due to Dol Jatra.
2019 March 20 is a bank holiday in Jharkhand due to Holika Dahan.
2019 March 21 is a bank holiday in Andaman And Nicobar Island due to Holi.
2019 March 21 is a bank holiday in Bihar due to Holi 2nd Day.
2019 March 21 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).
2019 March 21 is a bank holiday in Manipur due to Yaosang 2nd Day.
Saving Interest Upto 1 Lakh
| Bank Name | Interest(p.a.) | Limit |
|---|---|---|
| Rbl Bank | 6% | Upto Rs 1 Lakh |
| Yes Bank | 5% | Below Rs 1 Lakh |
| Kotak Mahindra Bank | 5% | Upto Rs 1 Lakh |
| Catholic Syrian Bank | 4% | Upto Rs 1 Lakh |
| Oriental Bank Of Commerce | 4% | Upto Rs 25 Lakhs |
| Canara Bank | 4% | Upto Rs 50 Lakhs |
| Syndicate Bank | 4% | Upto Rs 25 Lakhs |
| Dcb Bank | 4% | Below Rs 1 Crore |
| Punjab And Sind Bank | 4% | Upto Rs 20 Lakhs |
| Corporation Bank | 4% | Below Rs 50 Lakhs |
Saving Interest Above 1 Lakh
| Bank Name | Interest(p.a.) | Limit |
|---|---|---|
| Yes Bank | 6% | Rs 1 Lakh to Rs 1 Crore |
| Dcb Bank | 6% | Above Rs 1 Crore to Rs 5 Crores |
| Kotak Mahindra Bank | 6% | Above Rs 1 Lakh to Rs 1 Crore |
| Rbl Bank | 6% | Above Rs 1 Lakh to Rs 10 Lakhs |
| Bandhan Bank | 6% | Rs 1 Lakh & above |
| Laxmi Vilas Bank | 5% | Above Rs 1 Lakh to Rs 5 Lakhs |
| Indusind Bank | 5% | Above Rs 10 Lakhs to Rs 1 Crore |
| Catholic Syrian Bank | 4% | Above Rs 1 Lakh to Rs 50 Lakhs |
| Oriental Bank Of Commerce | 4% | Above Rs 25 Lakhs |
| Karnataka Bank | 4% | Above Rs 1 Lakh to Rs 50 Lakhs |
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