The Bharat Cooperative Bank (Mumbai) Ltd., also known as Bharat Bank, offers FD interest rates of 3.50% – 7.15% p.a. to the general public and 3.50% – 7.65% p.a. to senior citizens for tenures ranging from 7 days to above 5 years. The interest rates for Bharat Bank Flexi Fixed Deposit Current Account (FFDCA) is 3.50% p.a. for 29 days and 4.00% p.a. for 90 days. The lender also offers Bharat Deposit Tax Benefit scheme at interest rates of 6.75% p.a. for tenures of 5 years.
Bharat Bank FD Rates
|
Bharat Bank FD Interest Rates |
|
| Highest Slab Rate | 7.15% p.a. (for 1 year to 15 months) |
| For 1 year | 7.15% p.a. |
| For 2 years | 7.00% p.a. |
| For 3 years | 7.10% p.a. |
| For 4 years | 6.00% p.a. |
| For 5 years | 6.00% p.a. |
Note: Interest rates as of 21 January 2025
Bharat Bank FD Interest Rates for Term Deposits (Domestic and NRO*) w.e.f. 18 April 2024
| Tenure | Interest Rates (% p.a.) for deposits below Rs 1 crore | |
| General Public | Senior Citizen | |
| 7 days up to 29 days | 3.50 | 3.50 |
| 30 days up to 60 days | 3.75 | 3.75 |
| 61 days to 90 days | 4.00 | 4.00 |
| 91 days to 180 days | 4.25 | 4.25 |
| 181 days to less than 1 year | 4.75 | 4.75 |
| 1 year to 15 months | 7.15 | 7.65 |
| Above 15 months to 2 years | 7.00 | 7.50 |
| Above 2 years to 3 years | 7.10 | 7.60 |
| Above 3 years to 5 years | 6.00 | 6.50 |
| Above 5 years | 6.75 | 7.25 |
| Flexi Fixed Deposit Current Account (FFDCA) 29 days | 3.50 | |
| Flexi Fixed Deposit Saving Account (FFDSB) 90 days | 4.00 | |
| Bharat Deposit Tax Benefit Scheme – 5 years | 6.75 | |
*No additional rate of interest applicable to Senior Citizens for deposits under NRO category
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Unity Small Finance Bank | 8.60 | 7.25 | 8.15 | 8.15 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| Shivalik Small Finance Bank | 8.30 | 6.00 | 7.50 | 6.50 | 0.50 |
| Jana Small Finance Bank | 8.25 | 7.50 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.10 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.05 | 7.90 | 7.75 | 7.25 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| SBM Bank | 8.05 | 7.05 | 7.30 | 7.75 | 0.50 |
| DCB Bank | 8.00 | 7.10 | 7.50 | 7.40 | 0.50 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| AU Small Finance Bank | 7.75 | 7.00 | 7.50 | 7.25 | 0.50 |
| ESAF Small Finance Bank | 7.75 | 5.00 | 6.25 | 6.00 | 0.50 |
| Induslnd Bank | 7.75 | 7.75 | 7.25 | 7.25 | 0.50 |
| YES Bank | 7.50 | 7.00 | 7.50 | 7.50 | 0.50-0.75 |
| IDFC FIRST Bank | 7.50 | 6.50 | 6.50 | 6.25 | 0.50 |
| Central Bank of India | 7.50 | 6.85 | 6.75 | 6.75 | 0.50 |
| Federal Bank | 7.50 | 7.00 | 7.10 | 7.10 | 0.50 |
| Bank of Maharashtra | 7.45 | 6.75 | 6.50 | 6.50 | 0.50 |
Types of Bharat Bank Fixed Deposit
Bharat Bank Regular Fixed Deposit
- The Bharat Bank Regular Fixed Deposit scheme comes with minimum investments of Rs 1,000.
- Interest payable on maturity as per the depositor’s choice.
- Auto renewal facility available (both with and without interest).
- Loan/overdraft facility available against fixed deposits of up to 95% of the FD amount
- Premature withdrawal facility available, on payment of the applicable penalty, subject to the terms and conditions.
- Tenor: 7 to 364 days
Bharat Bank Cumulative Fixed Deposit
- The Bharat Bank Cumulative Fixed Deposit scheme comes with minimum investments of Rs 1,000 and a reinvestment option for a minimum of 1 year
- The interest earned on the cumulative deposit is compounded quarterly and reinvested with the principal.
- Auto renewal facility available (both with and without interest).
- Loan/overdraft facility available against fixed deposits of up to 95% of the FD amount
- Premature withdrawal facility available, on payment of the applicable penalty, subject to the terms and conditions.
- Tenor: 1 to 10 years
Bharat Bank Monthly/Quarterly Interest Payout Fixed Deposit
- The Bharat Bank Monthly/Quarterly Interest Payout Fixed Deposit scheme comes with a minimum investment period of 1 year and is apt for depositors looking for monthly/quarterly payouts.
- Interest payable on monthly/quarterly basis
- Auto renewal facility available (both with and without interest).
- Loan facility available against fixed deposits for up to 95% of the FD amount
- Individuals, minors, regd. cooperative societies, registered public trusts or HUFs (Hindu Undivided Family) can open these accounts.
- Tenor: 1 to 10 years (or any other period as decided by the lender)
Bharat Bank Tax Benefit Fixed Deposit
- The Bharat Bank Tax Benefit Fixed Deposit scheme is eligible for deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961.
- Minimum deposit amount: Rs 100 with further investments in multiples thereof
- Maximum deposit amount: Rs 1.5 lakh
- Interest accrued to be paid at quarterly rests at the end of March, June, September & December or at maturity. The Bank may also pay monthly interest at a discount.
- Interest accrued on deposits can also be ploughed back into principal (compounded) at quarterly rests and paid on maturity.
- No auto renewal at maturity
- Tenor: 5 years (lock-in)
Bharat Bank Daily Deposit
- The Bharat Bank Daily Deposit scheme involved door step service for the collection of deposits on a daily basis as per the depositor’s convenience.
- Minimum amount: Rs 25 with further investments in multiples thereof and no maximum limit
- Interest accrued to be paid at quarterly rests at the end of March, June, September & December or at maturity. The Bank may also pay monthly interest at a discount.
- Loan facility available against fixed deposits for up to 75% of available balance amount
Bharat Bank Suvidha Deposit
- The Bharat Bank Suvidha Deposit scheme provides FD with cheque book facility
- Overdraft facility available for up to 90% of the deposit amount with the entire deposit remaining intact and earning a normal rate of interest.
- Interest payable on monthly/quarterly basis
Bharat Bank Flexi Fixed Deposits Savings Bank Account (FFDSB)
- The Bharat Bank Flexi Fixed Deposits Savings Bank Account (FFDSB) has the benefits of both savings/current account and fixed deposit account. It facilitates an automatic money transfer to a fixed deposit when the balance in savings/current account crosses a specified limit. It also provides a reverse transfer facility from your FD account to your savings/current account when there is a requirement for money.
- Minimum balance requirement: Rs 25,000
- Sweep out to FD if the balance exceeds Rs 50,000
- Convert to FD in multiples of Rs 10,000
- Maximum FD amount per sweep: Rs 5 lakh
- Tenor: 90 days
- Additional facilities include free Cheque book/NEFT/RTGS facility, free DD/PO, Visa/Rupay card (with switch on and off option for safety purpose) and 5 ATM transactions (both financial & non-financial) on other bank ATMs