The Ludhiana Central Coorperative Bank

Deposits

Rate of Interest on Term Deposits w.e.f 01.01.2021

Sr No.	Maturity Period	ROI for below Rs. 100 lakhs	ROI for Rs. 100 lakhs and above
1.	7 days to 30 days	3.50%	3.00%
2.	31 days to 45 days	4.00%	3.00%
3.	46 days to 90 days	4.00%	3.00%
4.	91 days to 179 days	4.00%	3.00%
5.	180 days to 364 days (Half year to <1 year)	5.50%	5.50%
6.	1 year	7.65%	8.05%
7.	More than 1 year to 2 years	7.65%	8.05%
8.	Above 2 years to < 5 years	7.00%	7.00%
9.	5 years and above	6.25%	6.25%

(a) Interest of 0.50% above these rates to the Senior citizens will be admissible to single Fixed Deposit of Rs.10000/- and above for the period of one year and above.

(b) Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.

(c) These revised interest rates will be applicable for new deposits and renewal of existing terms deposits.

(e) Interest rate on GPF A/C will be 7.65% per annum w.e.f. 09.02.2023

(f) On premature withdrawal of FDR/LTD i.e. the interest rate payable would be applicable would be applicable slab minus 1%, for the period of the deposit which has remained with the Bank.