Interest Rate on Deposit - The Howrah DCCB Ltd
Revised Interest Rates on Term Deposits
(Effective from 2nd July 2025)
| Term Deposit | General Citizen / Co-op. Societies (< ₹1.00 Cr.) | General Citizen / Co-op. Societies (₹1.00 Cr. & above) | Senior Citizen (< ₹1.00 Cr.) | Affiliated Co-op. Societies (₹10 Lakh to < ₹1.00 Cr.) |
|---|---|---|---|---|
| 07 days to 14 days | 4.05% | 4.05% | 4.05% | N/A |
| 15 days to 29 days | 4.10% | 4.15% | 4.10% | N/A |
| 30 days to 45 days | 4.15% | 4.25% | 4.15% | N/A |
| 46 days to 90 days | 4.50% | 4.50% | 4.50% | N/A |
| 91 days to 180 days | 5.25% | 4.75% | 5.25% | N/A |
| 181 days to 364 days | 5.50% | 4.85% | 5.50% | N/A |
| 1 Year | 6.50% | 6.35% | 7.00% | 6.55% |
| Above 1 year to less than 3 years | 6.60% | 6.50% | 7.10% | 6.65% |
| 3 years to less than 5 years | 6.40% | 6.40% | 6.90% | 6.45% |
| 5 years to 10 years | 6.25% | 6.25% | 6.75% | 6.30% |
| Special Deposit (333 days) | 6.85% | N/A | 7.40% | 6.90% |
| Special Deposit (444 days) | 6.75% | N/A | 7.25% | N/A |
| Monthly Income Scheme (MIS) 3 Years – Minimum ₹10,000 Maximum ₹1.00 Crore | 6.50% | N/A | 6.75% | N/A |
Statutory Funds (Affiliated Societies)
| Fund Type | Interest Rate |
|---|---|
| Statutory Reserve Fund, Bad Debt Fund & Other Statutory Funds (Calculated on daily rest & paid annually) | 6.80% |
Please Note:
• No interest is paid if the deposit is held for tenure below 7 days.
• Acceptance / renewal of deposits of ₹2.00 Crore and above is at the discretion of Bank’s Authority.
• Interest rates for Single Bulk Deposits (₹1.00 Cr. for UCB/ARDB and ₹0.50 Cr. for Co-op. Societies / Govt. Institutions etc.) are negotiable and dynamic in nature.
• MIS interest is paid monthly at discounting rate.
• TDS is applicable as per Income Tax Act on aggregate interest earned during the financial year.
• PAN submission is mandatory; failing which TDS will be deducted at a higher rate.
• In reinvestment deposits, post-TDS interest affects maturity value due to compounding.
• Premature withdrawal attracts penal interest @1%; applicable rate will be lower of original or actual tenure rate.
• Penal interest shall not apply in case of death of depositor.
• No interest is paid if the deposit is held for tenure below 7 days.
• Acceptance / renewal of deposits of ₹2.00 Crore and above is at the discretion of Bank’s Authority.
• Interest rates for Single Bulk Deposits (₹1.00 Cr. for UCB/ARDB and ₹0.50 Cr. for Co-op. Societies / Govt. Institutions etc.) are negotiable and dynamic in nature.
• MIS interest is paid monthly at discounting rate.
• TDS is applicable as per Income Tax Act on aggregate interest earned during the financial year.
• PAN submission is mandatory; failing which TDS will be deducted at a higher rate.
• In reinvestment deposits, post-TDS interest affects maturity value due to compounding.
• Premature withdrawal attracts penal interest @1%; applicable rate will be lower of original or actual tenure rate.
• Penal interest shall not apply in case of death of depositor.