Co-operative Bank Fixed Deposit Interest Rate as on (20 Oct 2021)

One of the banking products offered by Co-operative banks is Fixed Deposit. As Co-operative banks work on passing on maximum benefit to their customers, they offer higher interest on their Fixed Deposits. Further, they offer senior citizens more rate of interest as compared to general public.

The current fixed deposit interest rates offered by different Co-operative banks for various tenures from 7 days to 10 years range between 7% and 9.25% per annum. You can use FD Interest Rate Calculator to calculate the interest and maturity value of your FD. You can also compare the interest rate offered by co-operative banks with commercial banks.

Outlined below is Co-operative Banks Fixed Deposit Interest Rate (as on 20 Oct 2021) detailing the interest rates on Co-operative Banks Fixed Deposits for 1 year period. You can click on "FD Interest Rates" button to view FD interest rates of all the tenures offered by a particular bank.

For Whom Fixed Deposit is a Preferred Investment Option?

  • Persons who do not want to take any kind of risk. It has very low risk as compared to other instruments such as equity, debentures, mutual funds, etc. With FD, one will not lose his/ her principal invested.
  • Investors who want a regular income. It is an instrument which generates fixed returns hence those who need a regular income can opt for interest payout option either monthly or quarterly.
  • People who are Older. Older persons, generally senior citizens, want a hassle-free and safe investment vehicle and they do not want to manager any risky portfolio at that age. Therefore, they can easily invest in Fixed Deposit.
  • Investors who want to diversify their portfolio. It is a famous adage that "Do not put all your eggs in one basket" hence investors who want to make investments in different instruments, surely, keep some of their lump sum money in FDs.

Co operative Banks Fixed Deposit Interest Rate

Bank NameInterest Rate(1 Year)Find FD Interest
Idukki District Cooperative Bank8.75%
Nasik Merchants Cooperative Bank Ltd.8.50%
Rupee Cooperative Bank Ltd.8.50%
Kapol Cooperative Bank 8.00%
Nagar Urban Co Operative Bank7.75%
Amanath Cooperative Bank Ltd. Bangalore7.75%
The Chhattisgarh Rajyasahakari Bank Maryadit7.50%
Janalaxmi Coop Bank 7.50%
Khamgaon Urban Co Op Bank Ltd7.50%
Andaman And Nicobar State Coop Bank Ltd7.50%
The Goa State Co Operative Bank Ltd7.25%
Tripura State Co Operative Bank 7.20%
The Rajasthan State Cooperative Bank 7.15%
The Punjab State Co Op Bank7.00%
Solapur Janata Sahakari Bank 7.00%
The Bihar State Cooperative Bank Ltd.7.00%
Shikshak Sahakari Bank 7.00%
The Assam Coop Apex Bank Ltd6.90%
Kallappanna Awade Ichalkaranji Janata Sahakari Bank 6.90%
The Kerala State Co Operative Bank Ltd6.75%
Apna Sahakari Bank 6.50%
Pravara Sahakari Bank Ltd6.50%
Sardar Bhiladwala Pardi Pepls Co Bk6.50%
The Karad Urban Cooperative Bank 6.50%
Apna Sahakari Bank 6.50%
G P Parsik Bank6.50%
Rajarambapu Sahakari Bank Ltd6.50%
The Meghalaya Cooperative Apex Bank Ltd.6.50%
The Chandigarh State Cooperative Bank Ltd6.50%
The West Bengal State Cooperative Bank6.45%
Jalgaon Janata Sahakari Bank 6.35%
Jammu And Kashmir State Coop Bank6.30%
The Mapusa Urban Coop Bank Of Goa Ltd6.25%
The Andhra Pradesh State Cooperative Bank 6.25%
The Tamil Nadu State Apex Cooperative Bank6.25%
The Manipur State Co Op Bank Ltd6.25%
The A.p. Mahesh Cooperative Urban Bank 6.25%
Bassein Catholic Cooperative Bank 6.25%
Janata Sahakari Bank 6.25%
Bharat Cooperative Bank (mumbai) Ltd., Mumbai6.25%
Nagpur Nagarik Sahakari Bank 6.00%
Madhya Pradesh Rajya Sahakari Bank Maryadit6.00%
The Karanataka State Cooperative Apex Bank 6.00%
Nagpur Nagarik Sahakari Bank 6.00%
The Greater Bombay Cooperative Bank 6.00%
Rajkot Nagrik Sahakari Bank 6.00%
Sangli Urban Co Op Bank Ltd Sangli6.00%
The Shamrao Vithal Cooperative Bank6.00%
Sangli Urban Co Op Bank Ltd Sangli6.00%
Uttrakhand State Co Coperative Bank Ltd5.85%
The Cosmos Co Operative Bank 5.80%
Telangana State Coop Apex Bank5.75%
Nkgsb Cooperative Bank 5.75%
The Surath Peoples Cooperative Bank 5.75%
Kalupur Commercial Cooperative Bank5.75%
The Thane Bharat Sahakari Bank 5.75%
The Gujarat State Cooperative Bank 5.75%
Mahanagar Cooperative Bank5.75%
Ahmedabad Mercantile Cooperative Bank5.75%
Nkgsb Cooperative Bank 5.75%
Abhyudaya Cooperative Bank 5.75%
Janakalyan Sahakari Bank 5.75%
Mizoram Coop Apex Bank 5.60%
The Haryana State Cooperative Apex Bank Ltd5.55%
Uttar Pradesh State Cooperative Bank Ltd5.55%
The Zoroastrian Cooperative Bank 5.50%
The Mehsana Urban Cooperative Bank5.50%
The Goa Urban Co Op Bank Ltd5.50%
The Pondichery State Cooperative Bank Ltd5.40%
Tjsb Sahakari Bank Ltd5.25%
New India Cooperative Bank 5.25%
Kalyan Janata Sahakari Bank5.25%
Saraswat Cooperative Bank 5.25%
The Nagaland State Co Op Bank Ltd5.20%
Akola Urban Coop Bank 5.10%
Bombay Mercantile Co Op Bank Ltd5.10%
The Akola Janata Commercial Cooperative Bank Ltd., Akola.5.00%
The Akola Janata Commercial Cooperative Bank Ltd., Akola.5.00%
Maharashtra State Cooperative Bank5.00%
Citizen Credit Cooperative Bank 4.65%
Punjab And Maharshtra Cooperative Bank4.50%
Bharati Sahakari Bank4.50%
Dombivli Nagari Sahakari Bank 4.50%
The Jalgaon Peopels Cooperative Bank 4.40%

Co-operative Banks are the banks which are registered under the Cooperative Societies Act, 1912 and regulated by the Reserve Bank of India (RBI) and Banking Laws Act. Co-operative banks have been formed with the objective to offer financial assistance to economically weaker sections of the society & they are created by the people belonging to same local/ professional community who share a common interest and objectives. They are known to provide better services to the customers due to their personal interaction with customers and local reach.

Co-operative banks cater to the credit needs of agriculturists and small businesses. Co-operative banks offer their members and non-members (owners as well as customers) a wide range of banking and financial services such as bank deposits, loans, etc.

Co-operative banks have been divided under following 3 categories:

  1. Urban Co-operative Banks
  2. District Central Co-operative Banks (DCCB)
  3. State Co-operative Banks