Question 1

What are the highest interest rates for SVC Co-op Bank in 2026?

Accepted Answer

As of October 2026, SVC Co-op Bank offers up to 6.85% p.a. on Fixed Deposits and up to 2.75% p.a. on Savings Accounts based on the balance slabs maintained.

Question 2

Is SVC Co-op Bank safe for depositing money?

Accepted Answer

Yes, SVC 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.

Question 3

What is the minimum tenure and senior citizen benefit for SVC Co-op Bank FDs?

Accepted Answer

The minimum tenure for a fixed deposit with SVC Co-op Bank starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.75% p.a. over general citizen rates.

Question 4

Are returns on SVC Co-op Bank FDs and Savings Accounts taxable?

Accepted Answer

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.

TENURE	Interest Rate
Above 12 to <14 months	6.85%BEST
14 to <16 months	6.80%
16 to 24 months	6.70%
Above 24 to 60 months	6.60%

SVC Co-op Bank

Bank Overview

Fixed Deposit (FD) Interest Rates

Savings Account Interest Rates

NRI Fixed Deposit Rates (NRE & NRO)

Premature FD Withdrawal Penalty

Standard Penalty Rule

Frequently Asked Questions

SVC Co-op Bank FD Calculator