The Bhuj Mercantile Co-op Bank Ltd - Service

Type Of Deposit	Period Of Deposit	General Public	Staff / Senior Citizen 60+
Term Deposit (I)	From 45 Days to 45 Days	4.50%	5.00%
Term Deposit (II)	From 46 Days to 100 Days	5.00%	5.50%
Term Deposit (IIII)	From 101 Days to 332 Days	6.00%	6.50%
Term Deposit (IIIII)	From 333 Days to 1 Year	7.25%	7.75%
Term Deposit (IIIIII)	From 1 Year to 5 Years	6.50%	7.00%
Term Deposits (TDs) Double Deposit. (Min. Rs. 10,000/-, Max. FD/OD 70%)		125 Months	117 Months
Current Deposits Unicorn - for 45 days Only (LIFO Method & Min. Deposit Rs. 25000/- and multiples thereof)		4.50%	4.50%
Savings Deposits Unicorn - From 7 Days to 44 Days - From 45 Days to 100 Days (LIFO Method & Min. Deposit Rs. 10000/- and multiples thereof)		3.00% 5.00%	3.00% 5.00%
Recurring Deposit (RDs) From 1 Year to 5 Years (6 Monthly)		6.50%	6.50%
Monthly and Quarterly Interest on Fixed Deposit Scheme		Minimum 333 Days Period

Auto_Renewal Instruction With Effective From 01-12-2018 :

The Following Term Deposit Type Code Auto Renewal Facility Covered	The Following Term Deposit Type Code Auto Renewal Facility Not Covered
(1) 502- TD Simple	(1) Recurring Deposit (RD)
(2) 503- TD Quaterly	(2) TDs of Non- Individuals
(3) 505 - TD Accumulative	(3) TDs >= Rs. 100 Lakhs
(4) 509 - TD Monthly (Min 333 Days period )	-

Terms & Conditions :

Bank will pay 03.00% p.a. ROI in Savings Deposits (SDs).
Single TDs >= Rs. 15 Lakhs (only for General Public) will earn Additional interest of 0.50% p.a., on Term Deposit (TDs) except Double Deposits.
For Staff/Senior Citizen (60+ Years), additional interest will be paid provided that his / her name must be First Name.
Bank can charge 1% Penal Interest in case of Pre-maturity of the deposits.
Notwithstanding anything mentioned above, Bank can pay a Maximum of 7.75% p.a. ROI inclusive of all. Further, Bank will not pay any interest on Deposits upto 44 days (as per Slabs above) except in those specifically mentioned conditions for SDs / Savings Unicorn Deposits / Matures Deposits
In cumulative interest deposits schemes, interest will be paid @ Quarterly rest.
TDS rules and 15G/15H rules as per prevailing Income Tax Act 1961 for individuals and Senior Citizens.
DICGC Insurance Cover for Deposits is Rs. 5,00,000/- w.e.f 04-Feb-2020.
Effective date of Interest Slabs and all above facilities will be from 01/09/2020 Tuesday

Deposits Interest Rates