OMPRAKASH DEORA PEOPLE’S CO.OP BANK LTD, is registered with DICGC (https://www.dicgc.org.in/)
- 9172046955
- customer.support@odpcbank.com
Fixed Deposit Account
Bank Fixed Deposits are also known as Term Deposits. In a Fixed
Deposit Account, a certain sum of money is deposited in the bank for a
specified time period with a fixed rate of interest. The rate of interest
for Bank Fixed Deposits depends on the maturity period. It is higher in
case of longer maturity period. There is great flexibility in maturity
period and it ranges from 31 days to 5 years. The interest can be
compounded quaterly, half-yearly or annually. Minimum deposit amount
is Rs 1000/- and there is no upper limit. Loan facility is available
against bank fixed deposits. Premature withdrawal is permissible but it
involves loss of interest.
Term Deposit Account can be opened by:
- Individual – Single or Joint
- Minors – with Guardian
- Regd. Societies & Trusts
- Hindu Undivided Families (HUFs)
How to open a bank fixed deposit account
- Two passport size photographs
- Proof of residence i.e. Passport/driving license/Gas / Telephone / Electricity Bill/ Ration card/voters identity card
- An introduction of the person from an existing account holder
- PAN number / Declaration in form no.60 or 61 as per the Income Tax Act 1961
Various Term Deposit Scheme Available With Us Includes
- Fixed Deposits (FD) - Interest is paid to investor’s at regular intervals
- Re-Investment Benefit Deposits (RBD) - Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits
- Monthly Recurring Deposit (MRD) - Schemes where investors can even start with a very nominal amount of Rs. 100 per month
TERM DEPOSIT INTEREST RATES (W.E.F. 19/01/2023)
Society/ Bank Deposit Rate
| Sr.No | Duration | Rate |
|---|---|---|
| 1 | 31 Days To 90 Days | 4.50% |
| 2 | 91 days To 180 Days | 5.00% |
| 3 | 181 Days To 12 Months | 5.00% |
| 4 | 12 Months 1 Day To 15 Months | 5.00% |
| 5 | 15 Months 1 Day To 24 Months (Simple Interest) | 6.75% |
| 6 | 15 Months 1 Day To 24 Months (Re-Investment) | 6.25% |
| 7 | 24 Months 1Day To 120 months | 4.75% |
Personal Deposite Rate
| Sr No | Period | Interest Rate | ||
|---|---|---|---|---|
| 1 | 07 Days to 30 Days | 3.75% | ||
| 2 | 31 Days to 180 Days | 4.75% | ||
| 3 | 181 Days to 365 Days | 5.25% | ||
| 4 | 366 Days to 425 Days | 5.75% | ||
| 5 | 456 Days To 24 Months | 7.00% | ||
| 6 | 24 Month 1 day to 36 Month (Simple Interest) | 6.50% | ||
| 7 | 36 Month 1 day to 60 Month (Simple Interest) | 5.75% | ||
| 8 | 60 Month 1 day to 120 Month (Simple Interest) | 6.00% |
Senior Citizen 0.50% extra rate Age Above 60
(For More Details Please Visit Our Nearest
Branch) T&C Applicable