IMPORTANT: The 67th Annual General Meeting of members of "The Nasik Merchants Co-Operative Bank Ltd., Nashik" will be held on Saturday, 20th September, 2025 at 11.00 a.m.under the Chairmanship of Shri. Hemant Haribhau Dhatrak, at Bank's Administrative Office Satpur, Nashik-422007 to discuss and consider following subjects-

Deposite Interest Rate Summary

The Nasik Merchants Co-Operative Bank LTD., Nashik

Latest Interest Rates Of Deposit. Applicable From 01 July 2025
# Tenure General (For All) - Interest Rate P.A. Senior Citizen - Interest Rate P.A.
1 Basic Saving A/c (Interest Applied Quarterly) 3.00% 3.00%
2 Savings Account (Interest Applied Quarterly) 3.00% 3.00%
3 07 Days to 14 Days 3.50% 3.50%
4 15 Days to 45 Days 4.00% 4.00%
5 46 Days to 90 Days 4.50% 4.50%
6 91 Days to 180 Days 5.00% 5.00%
7 181 Days to 220 Days 6.25% 6.75%
8 Only for 221 days 6.75% 7.25%
9 222 Days to 365 Days 6.50% 6.75%
10 Above 12 Months up to 15 Months 7.25% 7.75%
11 Above 15 months up to 36 months 7.00% 7.50%
12 Above 36 Months upto 120 Months 6.70% 7.20%
Kalpavruksha Deposit Scheme - Minimum 5 Years (Limit up to ₹1,50,000/- as per Income Tax Act 1961)
Available for deduction under Sec 80C – Compounding / Monthly and Quarterly Interest
6.75%

Monthly And Quarterly Interest Payout

Sr.No Tenure General (For All) - Interest Rate P.A. Senior Citizen - Interest Rate P.A.
1 15 Months 7.10% 7.60%
2 37 Months 6.90% 7.40%
3 49 Months 7.00% 7.50%
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