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Devika Urban Co - Operative Bank LTD.
Udhampur, J&K

 
   
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Deposit Rates
 

DEPOSIT RATES

W.E.F   05/09/2019

 Term/ Special Term deposits A/c / Recurring A/c

PERIOD

 PRESENT RATE

REVISED

7 DAYS TO 14 DAYS

5.00%

5.00%

15 DAYS TO 45 DAYS

5.00%

5.00%

46 DAYS TO 90 DAYS

6.25%

6%

91 DAYS TO 180 DAYS

6.75%

6.25%

181 DAYS TO LESS THEN ONE YEAR

7.00%

6.50%

1YR > 2YR

7.50%

7%

2YR > 3YR

7.50%

7%

3YR > 5YR

7.25%

6.75%

5YR-10YR

7.25%

6.75%

Senior Citizen

0.50% Extra on deposits of 6 months and above

PERIOD

PRESENT RATE

        REVISED

181 DAYS TO LESS THEN ONE YEAR

7.50%

7%

1YR > 2YR

8.00%

7.5%

2YR > 3YR

8.00%

7.5%

3YR > 5YR

7.75%

7.25%

5YR-10YR

7.75%

7.25%

Note:

1.   The revised rates of interest shall apply to fresh deposits and renewals of maturing deposits.

2.    Staff 1% above the prescribed rates.

3.  1% penalty shall be imposed in case the term deposits are withdrawn premature cum renewal.

 
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