Cosmos Co-operative Bank - Fixed Deposit Rates

As of October 2026, Cosmos Co-operative Bank offers a highest interest rate of 7.25% p.a. for general citizens and 7.30% p.a. for senior citizens on fixed deposits.

Yes, Cosmos Co-operative Bank is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.

Cosmos Co-operative Bank is a scheduled multi-state co-operative bank operating a network of 193 branches across 7 states and union territories: Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu. If you reside in any of these states, you can open a Fixed Deposit at any of their branches or via their digital banking channels.

The minimum tenure for a fixed deposit with Cosmos Co-operative Bank starts from 7 Days. Longer tenures may offer higher interest rates.

Yes, Cosmos Co-operative Bank offers an additional benefit of up to 0.70% p.a. over the general citizen rate for senior citizens (aged 60 and above).

These rates apply to domestic retail individuals making callable fixed deposits under ₹3 Crore (with premature withdrawal permitted). Deposits of ₹3 Crore and above are classified as bulk deposits and follow separate rate structures.

Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹50,000 per year (₹1,00,000 for senior citizens). You can submit Form 121 (which replaced Form 15G/15H from April 2026) to avoid TDS if your total income is below the taxable limit.

Cosmos Co-operative Bank charges a flat 1% penalty. Interest is recalculated at the card rate applicable — on the booking date — for the period the deposit actually stayed, or the contracted rate, whichever is lower, and 1% is deducted from that. Deposits closed within 7 days earn no interest.

As of October 2026, Cosmos Co-operative Bank offers special FD rates for 445 days at 7.25% (7.3% for Seniors), 446 days at 7.15% (7.2% for Seniors), and 447 days at 7.05% (7.1% for Seniors).