Fixed Deposit

Mahila Co-Operative Nagrik Bank Ltd., Bharuch ,offers an attractive Interest rates on various tenures of Deposits and upto Rs. 5,00,000/- Deposits of Banks are covered Under the Deposit Insurance & Credit Guarantee Corporation of India. It is possible to get a loans up to 90% of the Deposit amount from Banks against fixed deposit receipts. The interest charged will be 1% more than the Rate of Interest earned by the depositors. The 1995 Finance Bill Proposals introduced tax deduction at source (TDS) on fixed deposits on interest incomes of Rs. 40000.00 and above per annum. We give best Interest rate on fixed deposit as under. 15G and 15H are taken for Non Deduction of TDS