The Howrah DCCB ltd.
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The Howrah DCCB Ltd.

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Rate of Interest

The Howrah District Central Co-operative Bank Limited (HDCCB) offers a variety of deposit and loan products, each with specific interest rates. As of December 2024, detailed information on these rates is limited. However, general trends in co-operative bank interest rates can provide some context.

Deposit Interest Rates:

Co-operative banks typically offer competitive interest rates on fixed deposits. For example, as of December 2024, rates for various tenures range between 7% and 9.25% per annum. Specific rates vary depending on the bank and the deposit tenure.

 

Loan Interest Rates:

Regarding loans, the Ministry of Agriculture & Farmers Welfare lists the interest rate for HDCCB at 4%. This rate is consistent with other District Central Co-operative Banks (DCCBs) affiliated with Primary Agricultural Credit Societies (PACS).

Contact Information:

For the most accurate and up-to-date information on HDCCB’s interest rates, it’s advisable to contact the bank directly:

Additionally, HDCCB has announced the launch of its official website on January 2, 2025, which will provide comprehensive information on their products and services.

Note: Interest rates are subject to change based on economic conditions and regulatory guidelines. It’s recommended to verify the current rates directly with the bank before making any financial decisions.