Greater Bank FD Rates

I want to know the interest rate on fixed Deposit in Greater Bombay Co-operative Bank Ltd. so can you tell me?

[Kiran Chandar]

The Greater Bombay Co-operative Bank Ltd was established on 10th December 1952. The Bank has achieved distinguished success in co-operative banking sector

Fixed Deposit Interest Rate

Revised Interest Rates w.e.f. 5th October 2015 for Domestic Rupee Deposits:

Fixed Deposits (FD) - Interest is paid to investor’s at regular intervals

Maturity Period Interest Rates (%)
Gen. Public (Resi./NRE* Sr. Citizens Deposits
/ Soc / Trusts (p.a.) (Resi/NRE*) >= `15 lac
15 Days to 45 Days 6 6 6.25
46 Days to 90 Days 6.25 6.25 6.5
91 Days to 179 Days 6.25 6.25 6.5
180 days to less than 1 year 6.75 6.75 7
1 Year to less than 2 years (simple interest) 9 9.25 9
1 Year to less than 2 years (compounding interest)8.75 9 8.75
2 years to less than 3 years (Simple lnterest)*8.75 9 8.75
2 years to less than 3 years (Compounding Interest)*8.5 8.75 8.5
Above 3 vears upto 5 years 8 8 8
GB Tax Gain Scheme 8 8 8

Revised Rate of Interest & Effective Yields thereon

Interest Rate Effective Yields on Maturity
Period Public Sr.citizen /Bulk Deposits Period Public Sr.citizen /Bulk Deposits
1 year to less than 2 years ( Compounding) 8.75 9 At the end of 1 year 9.04 9.31
8.75 9 At the end of 2 year 9.45 9.74
2 year to less than 3 years( Compounding) 8.5 8.75 At the end of 2 year 9.16 9.45
8.5 8.75 At the end of 3 year 9.57 9.88
Above 3 years upto 5 years 8 8 At the end of 3 year 8.94 8.94
8 8 At the end of 4 year 9.32 9.32
8 8 At the end of 5 year 9.72 9.72
GB Tax Gain Scheme 8 8 At the end of 5 year 9.72 9.72


Nature Of Depositors
Term Deposit Account can be opened by:

Individual – Single or Joint
Minors – with Guardian;
Regd. Societies & Trusts
Hindu Undivided Families (HUFs)