Ananthapuram Co Operative Society
Ananthapuram Co Operative Society
A Fixed Deposit offers you something more than a normal savings bank account does. It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Fixed Deposits are generally very safe investments and are used to denote a larger class of investments with varying levels of liquidity. Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity. You have the facility to close the account at any time by paying the 2% premature closure charge additionally.
Present Rate Of Interest w.e.f : 01.03.2023
Duration Interest Rate
| 15 Days – 46 Days | 6 % |
| 47 Days – 90 Days | 6.5 % |
| 91 Days – 179 Days | 7 % |
| 180 Days – 364 Days | 7.25 % |
| 12 Months – 23 Months | 8.25 % |
| 24 Months and above | 8 % |
Senior Citizens have something even more to be happy about.
They are entitled to get 0.50% extra interest on deposits.