Co-operative Bank Fixed Deposit Interest Rate as on (Apr 2024)

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.

Co operative Banks Fixed Deposit Interest Rate

Bank NameInterest Rate(1 Year)Find FD Interest
Idukki District Cooperative Bank8.75%
Kapol Cooperative Bank 8.00%
Amanath Cooperative Bank Ltd. Bangalore7.75%
Kallappanna Awade Ichalkaranji Janata Sahakari Bank 7.60%
Maharashtra State Cooperative Bank7.50%
The Karanataka State Cooperative Apex Bank 7.50%
Punjab And Maharshtra Cooperative Bank7.35%
New India Cooperative Bank 7.30%
Andaman And Nicobar State Coop Bank Ltd7.25%
The Greater Bombay Cooperative Bank 7.25%
The Tamil Nadu State Apex Cooperative Bank7.25%
Sangli Urban Co Op Bank Ltd Sangli7.25%
Sangli Urban Co Op Bank Ltd Sangli7.25%
Pravara Sahakari Bank Ltd7.25%
The Kerala State Co Operative Bank Ltd7.25%
Kalupur Commercial Cooperative Bank7.25%
Ahmedabad Mercantile Cooperative Bank7.25%
The Gujarat State Cooperative Bank 7.25%
Telangana State Coop Apex Bank7.15%
Bharat Cooperative Bank Mumbai Ltd. Mumbai7.15%
The Meghalaya Cooperative Apex Bank Ltd.7.15%
The Shamrao Vithal Cooperative Bank7.10%
Jammu And Kashmir State Coop Bank7.10%
The Andhra Pradesh State Cooperative Bank 7.00%
Uttrakhand State Cooperative Bank Ltd7.00%
The West Bengal State Cooperative Bank7.00%
Citizen Credit Cooperative Bank 7.00%
The Zoroastrian Cooperative Bank 7.00%
Solapur Janata Sahakari Bank 7.00%
The Rajasthan State Cooperative Bank 7.00%
Saraswat Cooperative Bank 7.00%
Madhya Pradesh Rajya Sahakari Bank Maryadit7.00%
Nkgsb Cooperative Bank 7.00%
Nkgsb Cooperative Bank 7.00%
The Bihar State Cooperative Bank Ltd.7.00%
The Nagaland State Co Op Bank Ltd6.95%
Tripura State Co Operative Bank 6.90%
The Punjab State Co Op Bank6.85%
Mizoram Coop Apex Bank 6.85%
Janata Sahakari Bank 6.80%
The Jalgaon Peoples Cooperative Bank 6.80%
The Haryana State Cooperative Apex Bank Ltd6.80%
Akola Urban Coop Bank 6.75%
Jalgaon Janata Sahakari Bank 6.75%
Apna Sahakari Bank 6.75%
Apna Sahakari Bank 6.75%
The Mehsana Urban Cooperative Bank6.75%
Nagar Urban Co Operative Bank6.75%
The Karad Urban Cooperative Bank 6.75%
Abhyudaya Cooperative Bank 6.60%
Janalaxmi Coop Bank 6.50%
Shikshak Sahakari Bank 6.50%
Rajarambapu Sahakari Bank Ltd6.50%
The Goa State Co Operative Bank Ltd6.50%
The Assam Coop Apex Bank Ltd6.40%
Nasik Merchants Cooperative Bank Ltd.6.10%
Khamgaon Urban Co Op Bank Ltd6.00%
The Chhattisgarh Rajya Sahakari Bank Maryadit6.00%
The Cosmos Co Operative Bank 6.00%
Bombay Mercantile Co Op Bank Ltd6.00%
The A.p. Mahesh Cooperative Urban Bank 6.00%
Rajkot Nagrik Sahakari Bank 6.00%
Mahanagar Cooperative Bank6.00%
The Chandigarh State Cooperative Bank Ltd6.00%
Uttar Pradesh State Cooperative Bank Ltd5.85%
Tjsb Sahakari Bank Ltd5.75%
The Thane Bharat Sahakari Bank 5.75%
The Pondichery State Cooperative Bank Ltd5.75%
The Manipur State Co Op Bank Ltd5.75%
Sardar Bhiladwala Pardi Pepls Co Bk5.75%
Kalyan Janata Sahakari Bank5.50%
The Akola Janata Commercial Cooperative Bank Ltd. Akola.5.50%
The Akola Janata Commercial Cooperative Bank Ltd. Akola.5.50%
Bassein Catholic Cooperative Bank 5.50%
The Surath Peoples Cooperative Bank 5.50%
Janakalyan Sahakari Bank 5.25%
Nagpur Nagarik Sahakari Bank 5.00%
Nagpur Nagarik Sahakari Bank 5.00%
Dombivli Nagari Sahakari Bank 4.50%
Bharati Sahakari Bank4.50%
The Goa Urban Co Op Bank Ltd4.25%
The Mapusa Urban Coop Bank Of Goa Ltd4.25%
Rupee Cooperative Bank Ltd.2.00%

Outlined below is Co-operative Banks Fixed Deposit Interest Rate (as on 22 Apr 2024) 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 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