Shamrao Vithal Co-operative (SVC) Bank FD rates have been revised from 2 March 2026 for Domestic, NRO and NRE deposits across all branches.
Current FD returns range from 3.25% to 6.95% p.a. for regular customers, while eligible senior citizens can earn up to 7.45% p.a..
| FD Tenure | General | Senior Citizen |
|---|---|---|
| 7 Days – 14 Days | 3.25% | 3.75% |
| 15 Days – 45 Days | 3.50% | 4.00% |
| 46 Days – 89 Days | 5.00% | 5.50% |
| 90 Days | 5.25% | 5.75% |
| 91 Days – 117 Days | 5.50% | 6.00% |
| 118 Days – 179 Days | 5.75% | 6.25% |
| 180 Days | 6.50% | 7.00% |
| 181 Days – 364 Days | 6.75% | 7.25% |
| 12 Months | 6.95% | 7.45% |
| Above 12 Months – Below 14 Months | 6.95% | 7.45% |
| 14 Months – Below 16 Months | 6.85% | 7.35% |
| 16 Months – 24 Months | 6.75% | 7.25% |
| Above 24 Months – 60 Months | 6.60% | 7.10% |
| Above 60 Months – 120 Months | 6.60% | 7.35% |
| Tax Saving FD (5 Years) | 6.60% | 6.60% |
📌 Important FD Points
- The same rate chart applies to Domestic, NRO and NRE deposits
- Resident senior citizens get an extra 0.50% interest
- NRI senior citizens are not eligible for additional senior citizen benefits
- Short-Term, Long-Term and Tax Saving FD schemes are available
- Mid-term deposits around 12–16 months currently offer the highest returns
💡 Best FD Return: The highest regular FD rate is currently 6.95% p.a., while eligible senior citizens can earn up to 7.45% p.a..
⚠ Premature Closure Rule: SVC Bank charges a 1% penalty if an FD is closed before maturity.
For example, if your FD rate was 6.85%, the effective return may reduce after applying the premature withdrawal penalty.
Check Below: Types of FD Schemes Offered by SVC Bank • Senior Citizen FD Benefits • Tax Saving FD Rules • NRE Term Deposit.
SVC Bank Fixed Deposit Structure (Resident Customers)
Shamrao Vithal Co-operative Bank does not make FD complicated. For normal Indian customers, SVC Bank gives only three Fixed Deposit options:
- Short Term Fixed Deposit
- Long Term Fixed Deposit
- Tax Exempt Fixed Deposit (80C)
That’s it. Nothing extra. It included senior citizens’ benefits.
All these FDs give an assured return. Money is safe, and interest is fixed. There is no risk tension like the share market.
The difference is very simple:
- How long do you keep the money
- whether you want tax savings or not
- and how easily you may need money back
The scheme is the same, only the purpose is different.
Extra FD Options (Ask at Branch)
Apart from the main FD types, SVC Bank also gives two extra options inside the same FD. These are not separate schemes. You just need to tell the branch staff.
- Reinvestment Deposit Scheme – This is a cumulative FD. In this option, interest is added every three months and again invested with your main amount. You do not get money monthly. But at maturity, you receive one big amount. Good for people who want growth and no regular income.
- Monthly Income Plan (MIS) – This option is for people who need a monthly income. Interest is paid every month into your account. The rate is a little lower, but the income is regular. Many senior citizens choose this for daily expenses.
1. Short Term Fixed Deposit – SVC Bank
Short Term FD in Shamrao Vithal Co-operative Bank is mainly used to park money safely for a short time. It is useful when you don’t want to keep cash idle in savings account but also don’t want a long lock-in.
Key Details:
- Minimum deposit starts from ₹500
- Tenure is from 15 days to 364 days
- Interest is paid at maturity
- You can read the above chart interest rate, but only for 1 year.
- It is an assured return FD, no risk tension
Digital Benefit:
- You can book this FD from home using Internet Banking.
- If you book online, you also earn reward points, which is a small extra benefit.
Ground Reality: This FD is mostly used by shopkeepers, small traders, and families who get temporary cash and want to keep it safe for some time, without blocking money for a long period.
2. Long-Term FD Plan
Long-term FD in Shamrao Vithal Co-operative Bank is for people who want steady saving for 1 year to 10 years, but still want option of regular income if needed. It suits families who don’t like risk but want a better return than a savings account.
Key Details:
- Minimum deposit: ₹500
- Tenure: 12 months to 120 months
- Assured return, no market tension
Interest Payout Options:
Monthly, Quarterly, Half-yearly, Yearly, or at maturity — the customer can choose as per need.
Other Benefits:
- Cumulative option (interest added back)
- Auto-renewal facility
- Extra interest for senior citizens
- Loan against FD up to 90%
Real Life Example
Atmaram Bhide invested ₹3 lakh in an FD for 14–16 months because interest was good and the lock-in was not too long. At around 6.85%, after 16 months he earned roughly ₹27,000–₹28,000 as interest. Total amount at maturity came close to ₹3.27 lakh. Safe money, fixed return, no tension — exactly Bhide style.
3. Tax Exempt Fixed Deposit
Tax Saving FD in Shamrao Vithal Co-operative Bank is only for saving tax, not for flexibility. This FD is for people who are sure they won’t need this money for the full 5 years.
Key Rules (Straight):
- Minimum deposit: ₹500
- Maximum deposit: ₹1.5 lakh
- Lock-in period: 5 years compulsory
- Eligible under Section 80C
- Interest rate: 6.60% per year, check the chart for the latest.
Important Tax Points (Very Clear):
- Only the principal amount gets the 80C benefit
- Interest earned is fully taxable
- No premature withdrawal
- No loan or overdraft on this FD
Real Life Story –
A salaried employee invests ₹1.5 lakh in this FD to save tax. He gets a ₹1.5 lakh deduction under 80C, reducing taxable income. After 5 years, the maturity amount comes around ₹2.05–2.10 lakh (approx). Tax saved today, safe return later — but money stays locked for the full 5 years.
4. NRE Term Deposit Interest Rates (NRI)
- NRE rupee FDs are accepted only for 365 days to 60 months
- These FDs are only for Non-Resident Indians
- Account is rupee-denominated
- Short-term NRE FDs below 1 year are not allowed
- The highest NRE FD return is currently available in the 12 to 14 month tenure, offering up to 6.95% yearly interest for individual customers.
| FD Tenure | Interest Rate |
|---|---|
| Up to 1 Year | Withdrawn as per RBI guidelines |
| Above 12 Months to Below 14 Months | 6.95% p.a. |
| 14 Months to Below 16 Months | 6.85% p.a. |
| 16 Months to 24 Months | 6.75% p.a. |
| Above 24 Months to 60 Months | 6.60% p.a. |
If you are an NRI and want a good return without locking money for many years, the 12 to 16-month NRE FD makes most sense. Longer tenure gives safety, but interest is slightly lower. Simple choice — decide how long you can wait, the rate is already clear.
Frequently Asked Questions
What are the SVC Bank fixed deposit rates for senior citizens?
Senior citizens get 0.50% extra interest on resident FDs. For 12 months, the rate becomes 7.35% p.a. This benefit applies from 7 days to 10 years.
Is the SVC Bank Fixed Deposit trusted or safe?
Yes. Shamrao Vithal Co-operative Bank is RBI-regulated and deposits are insured up to ₹5 lakh under DICGC, giving basic safety to village and small-town families.
Can I break the SVC Bank FD early if money is needed?
Yes, premature withdrawal is allowed. The bank charges 1% penalty on the applicable interest. Example: breaking a 12-month FD at 8 months gives a lower adjusted interest.
How to download SVC Bank fixed deposit account opening form?
You can download the official FD form DEP-14J from the SVC Bank website.
Direct link: Account Opening Form for Fixed DepositWhich FD tenure is most popular in cities for SVC Bank?
In cities, 12 to 16 months FD is most chosen. Reason: good interest, not long lock-in, and money remains available for medical, farming, or family needs.
Read Now – Co-operative Bank FD Interest Rates
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