Osmanabad District Central Co-op Bank Ltd

Fixed Deposit

Introduction

You need a stable source of income at every stage of your life. Our secured term deposits give you more revenue with the flexibility to manage your funds in accessible units. Enjoy this privilege in different ways as Osmanabad District Central Co-operative Bank offers you many term deposit schemes which give you good interest rates, giving you a strong sense of security.

Interest Rate on Deposits (Revised Interest Rate from 15.02.2021)

Sr. No	Duration	Interest rate
1.	15 days to 45 days	3.50%
2.	46 days to 90 days	4.00%
3.	91 days to 180 days	4.50%
4.	181 days to 364 days	5.00%
5.	Within 1 year to 3 years	5.50%
6.	Within 3 years to 5 years	6.00%
7.	5 years to 10 years	7.00%
8.	Double the rate per thousand Senior Citizen Bank Employees	120 months 114 months 106 months

Note: Senior citizens above 60 years of age will have 0.50% higher interest rate excluding personal savings deposit than the above interest rate.

Benefits

The main purpose of a term deposit account is to enable individuals to earn higher interest on their extra funds (extra money).
The depositor is given a fixed deposit receipt, which depositor has to produce at the time of maturity. The deposit can be renewed for a further period.
Safe custody of your fixed deposit receipts.
Loan facility is available on principal and accrued interest
Interest on deposits is payable either quarterly or compounded quarterly (i.e., re-investment of interest) or monthly at a discounted value at the option of the depositor

Documents Required

Application form
Proof of Identity: Adhar Card, PAN Card, Voter Id Card, Passport, Driving License
Proof of Address: Latest Telephone Bill or Electricity Bill
Recent Colour Photograph(3 Nos.)

Terms And Conditions

The rates are subject to change from time to time.
To qualify for a Fixed Deposit Account, you must be aged 18 or over and Nationality should be Indian.