Fixed Deposit - MSC Bank

Grow Your Savings Securely with MSC Bank Fixed Deposits

Enjoy guaranteed returns and peace of mind with our flexible and high-yield Fixed Deposit schemes designed for every saver.

Attractive Interest Rates up to 7.50% p.a.

Flexible Tenure from 6 months to 10 years

Loan Against FD Facility

Safe & Assured Returns with DICGC Insurance

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*Eligibility / Minimum Deposit:

Minimum Balance ₹1000/-
Charges Leviable + GST (Max.) ₹150/-

FD Calculator

Fixed Deposit Calculator

General

Senior Citizen

Amount To Be Saved

50K 10L 30L 50L 65L

₹ 24,00,000

Type Of Fixed Deposit

Monthly

Quarterly

Short Term Deposit

Interest Rate @ 8.75%

Maturity Amount: ₹27,15,498

Total Interest: ₹3,15,498

Monthly Interest: ₹13,128

Duration: 2Y 0M 1D

Maturity Date: 24 Aug 2027

*Overdraft / Loan Facility:

Overdraft or fixed loan can be sanctioned as per rules against such deposit, interest on such overdraft/fixed loan shall be charged on daily basis and will be debited to the account of the depositor on quarterly basis.

*Deposit / Withdrawal Rules:

Receipt in favour of co-operative societies must be discharged by the person authorized as per the mandate given to the Bank (in accordance with the bye-laws of the society).
Amount of deposit cannot be withdrawn in parts.
The deposit is accepted subject to the existing rules of the Bank and the amendments that may be made from time to time and also subject to directives of the Reserve Bank of India that may be issued from time to time.
It is an exclusive right of the Bank to allow premature withdrawal to banks, societies and other Institutions. No Interest is payable if period of which deposit remained with the bank is 14 days or less.
Premature withdrawal when permitted will attract penal interest for deduction, at rates prescribed from time to time, for the rate of interest applicable to the period for which the deposit remained with the Bank of provided deposit remains with the Bank for at least 15 days.
Bank may at its discretion renew an overdue deposit or portion thereof provided the overdue period from the date of maturity till the date of renewal (both days inclusive) does not exceed 14 days and the rate of interest payable on the amount of the deposit so renewed shall be rate of interest applicable for the new period as prevailing on the date of maturity.
Bank has exclusive right to make repayment or amount of fixed deposit receipt by serving 30 days advance notice to the depositor.

*Repayment:

However bank will pay the interest on such deposit till its repayment at the contracted rate of interest of said Fixed Deposit Receipt.
In case overdue period exceeds 14 days, simple interest @ prevailing saving bank rate will be paid on such amount from the date of maturity of the date of payment and the amount if reinvested will be treated as a fresh deposit from that onwards.
The principal as well as the interest is repayable in lumpsum at the end of period under QIRD scheme fixed deposits.
In case of simple fixed deposit, if the period of receipt is twelve months and above interest will be paid quarterly rests (ending March, June, September and December).
In the absence of any specific instructions from the depositor, quarterly interest will be credited to Saving / Current Account (if any) of the depositor maintained with this Bank.
If the interest is required in cash, the Fixed Deposit Receipt should be produced for endorsement.

*Tax (TDS):

T.D.S. will be deducted at source from Interest paid/payable if applicable and no further intimation will be given to the depositor if PAN number is not provided TDS will be applicable charged as per U/S 206 AA of I.T. Act.
If TDS is not desired it is the responsibility of the depositor to submit Form No. 15G/15H/15HAA (whichever applicable) before 31st May of the relevant year.

*Insurance Cover:

Insurance cover for depositors has raised from Rs. 1.00 Lakh to Rs. 5.00 Lakh per depositor w.e.f. 4 Feb. 2020 RBI Press Release: 2019-20 Dt. 4 Feb. 2020.

*Other Rules:

Inadvertently more interest is paid to Depositors; the excess paid will be recovered as per section 72 of Indian Contract Act.
Deposit receipts are not transferable by endorsement.
Period for deposits of 1 year and above, should be three months or multiple of three months.
Interest payable will be rounded off to the nearest rupee.

Maharashtra State
Co-operative Bank Ltd.

Grow Your Savings Securely with MSC Bank Fixed Deposits

FD Calculator

FD Calculator

Fixed Deposit Calculator

Maharashtra State Co-op. Bank Ltd.

Grow Your Savings Securely with MSC Bank Fixed Deposits

FD Calculator

FD Calculator

Fixed Deposit Calculator

Maharashtra State Co-op. Bank Ltd.

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Maharashtra StateCo-op. Bank Ltd.

Maharashtra State
Co-op. Bank Ltd.