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Bank Overview
Type
Co-operativeHeadquarters
MumbaiFounded
1978Branches
101DICGC Coverage
₹5 LakhsNRI Fixed Deposit Rates (NRE & NRO)
| TENURE | Interest Rate |
|---|---|
12 months | 6.80% |
Above 12 to 24 months | 6.85%BEST |
Above 24 to 36 months | 6.85% |
Above 36 to 120 months | 6.25% |
•For callable NRE FDs < ₹3 Cr•100% tax-free in India•Premature withdrawal penalty applies
Premature FD Withdrawal Penalty
Standard Penalty Rule
A standard penalty of 1.00% is typically deducted from the recalculated rate for Bharat Co-op Bank. Deposits broken within 7 Days do not earn any interest.
Frequently Asked Questions
As of October 2026, Bharat Co-op Bank offers up to 7.00% p.a. on Fixed Deposits and up to 0.00% p.a. on Savings Accounts based on the balance slabs maintained.
Yes, Bharat Co-op Bank is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.
The minimum tenure for a fixed deposit with Bharat Co-op Bank starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.50% p.a. over general citizen rates.
Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Bharat Co-op Bank FD Calculator
Months
Days
MATURITY AMOUNT
₹1,07,081
MATURITY DATE
18 Oct 2027
Interest rate6.90% p.a.
Principal₹1,00,000
Total interest₹7,081
Indicative only. Actual figures may vary.