SCDCC Offers Special Fixed Deposit Rates For Dasara & Deepavali: Click to Know

SCDCC Offers Special Fixed Deposit Rates For Dasara & Deepavali: Click to Know

The South Canara District Central Cooperative Bank Chairman M.N. Rajendra Kumar said that the bank will offer special fixed deposit rates for Dasara and Deepavali festivals.

The bank will offer an interest of Rs. 6.5% for the deposit made for a term of one to two years. An interest of 8% will be offered for deposit of over Rs. 25 lakh for a term of three to five years. The special interest rate has been taken by taking into the consideration the repo rate fixed by the Reserve Bank of India. The bank will offer 0.5% more interest to fixed deposits by senior citizens, ex-servicemen and women. Senior citizens will be offered 0.25% additional interest to deposit of over Rs. 10 lakh. It will offer home loan for upto Rs. 25 lakh at the rate of 9.5% and for more than Rs. 25 lakh at the rate of 8.95%. It will offer home loan of a maximum of Rs. 75 lakh. Gold loan was being offered for 90% of the value of the gold ornaments at a monthly interest of 0.7%.