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ASHOKANAGAR CO-OPERATIVE BANK LTD
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Latest Update :-

Properties under Action Information on secured assets possessed under the SARFAESI Act, 2002 -click Here to View | Business of the Bank crossed 20709 Lakhs.

Interest Rate

Savings Bank Account – 3.5%
DEPOSITS with effect from 18/05/2024

Particulars General Senior Citizen
31 Days to 90 Days 5.00 % 5.00 %
91 Days to 180 Days 5.50 % 5.50 %
181 Days to 365 Days 6.75 % 7.25 %
Above 1 Year to 2 Years 7.50 % 8.00 %
Above 2 Years to 3 Years 8.00 % 8.50 %
Above 3 Years to 5 Years 7.75 % 8.25 %

Term Deposit Pay Out’s

Fixed Deposit Interest pay-out scheme
(Monthly/Quarterly/Half yearly/Yearly)
Ashoka Kubera Yojana Interest compounded (Quarterly compounded)
Recurring Deposit Monthly Installment (Quarterly compounded)

Note

  • Interest payment is subject to TDS.
  • According to the Income Tax Act, Section 62B (c) (j) of 1962, the PAN is mandatory for cash deposits of Rs.50,000/- & Above.
  • Deposit holders need to submit form 15G/15H for interest crossing more than Rs.40,000/- & Rs.50,000/-Annually for General & Senior Citizens respectively or TDS will be deducted.