IMPORTANT: Namco Bank never ask for your user id / password / pin no. through phone call / SMSes / e-mails. Any such phone call / SMSes / e-mails asking you to reveal credential or One Time Password through SMS could be attempt to withdraw money from your account.NEVER share these details to anyone. Namco Bank wants you to be secure.

Deposite Interest Rate Summary

The Nasik Merchants Co-Operative Bank LTD., Nashik

Latest Interest Rates Of Deposit. Applicable From 01-10-2024
# Tenure General (For All) - Interest Rate P.A. Senior Citizen - Interest Rate P.A.
1 Saving & Basic Saving A/c (Interest Applied Quarterly) 3.00% 3.00%
2 Savings Account Rs. Up to 1 Crore (Interest Applied Quarterly) 3.00% 3.00%
3 For savings deposits above Rs.1 crore (Interest Applied Quarterly) 3.50% 3.50%
4 07 Days to 14 Days 3.50% 3.50%
5 15 Days to 45 Days 4.00% 4.00%
6 46 Days to 90 Days 4.50% 4.50%
7 91 Days to 180 Days 5.00% 5.00%
8 181 Days to 220 Days 6.50% 7.00%
9 Only for 221 days 6.75 % 7.25%
10 222 Days to 280 Days 6.50% 7.00%
11 281 Days to 365 Days 6.75% 7.25%
12 Above 12 Months upto 24 Months 7.00% 7.50%
13 Above 24 Months upto 36 Months 6.85% 7.35%
14 Above 36 Months upto 120 Months 6.70% 7.20%
15 37 Months 7.10% 7.50%
16 49 Months 7.20% 7.65%
17 61 Months 7.40% 7.85%
18 Kalpavruksha Deposit Scheme - Minimum 5 Years (Limit up Rs 1,50,000/- as per Income Tax At 1961 available for deduction under Sec 80c) Compounding / Monthly and Quarterly Interest 7.00% 7.00%
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