Welcome to Kokan Mercantile Co. Op. Bank Ltd.
service charges

Golden Jubilee Deposit Scheme

Interest Rate (% pa) Applicable w.e.f. 01.12.2021
Period of Deposit Rate of Interest (% pa)
15 days to 45 days 4.00% p.a.
46 days to 90 days 4.50% p.a
91 Days to 180 days 5.50% p.a.
181 days to 12 months 6.00% p.a.
Above 12 months to 24 months 6.75% p.a.
Above 24 months upto 10 years 6.50% p.a.
Savings Bank account 3.00% p.a.

Note: Senior Citizens, Trusts and Societies will be paid 0.25% extra interest over and above the card rate of deposits, if only the period of deposit is one year and above only.

Interest Rate for NRE Deposit (% pa) Applicable w.e.f. 01.12.2021
Period of Deposit Rate of Interest (% pa)
12 months 6.00% p.a.
Above 12 months to 24 months 6.75% p.a.
Above 24 months upto 10 years 6.50% p.a.
NRE Savings account 3.00% p.a.

TO GET RS 1,00,000.00 YOU HAVE TO DEPOSIT EVERY MONTH BELOW MENTIONED AMOUNT

General Public Senior Citizen, Regd Coop Society/
Trust, Staff
NR(E)
Period
(months)
Rate of
Interest
(p.a)
Monthly
Deposit
Period
(months)
Rate of
Interest
(p.a)
Monthly
Deposit
Period
(months)
Rate of
Interest
(p.a)
Monthly
Deposit
12 6.00% 8068.00 12 6.25% 8055.00 12 6.00% 8068.00
24 6.75% 3883.00 24 7.00% 3873.00 24 6.75% 3883.00
36 6.50% 2511.00 36 6.75% 2501.00 36 6.50% 2511.00
48 6.50% 1821.00 48 6.75% 1812.00 48 6.50% 1821.00
60 6.50% 1417.00 60 6.75% 1399.00 60 6.50% 1417.00

CATEGORY I CATEGORY II CATEGORY III
(for boy child of General Public) (for girl child of General Public) (child of staff / Senior Citizen)
Sr
No.
Period of deposit Rate of
Interest
Amount on
maturity
(Rs)
Rate of
Interest
(p.a)
Amount on
maturity
(Rs)
Rate of
Interest
Amount on
maturity
(Rs)
1 5 years (60 months) 6.50% p.a 70586 6.75% p.a 71458 6.75% p.a 71458
2 6 years (72 months) 6.50% p.a 88142 6.75% p.a 88850 6.75% p.a 88850
3 7 years (84 months) 6.50% p.a 106440 6.75% p.a 107440 6.75% p.a 107440
4 8 years (96 months) 6.50% p.a 125958 6.75% p.a 127328 6.75% p.a 127328
5 9 years (108 months) 6.50% p.a 146276 6.75% p.a 148588 6.75% p.a 148588
5 10 years (120 months) 6.50% p.a 168980 6.75% p.a 171320 6.75% p.a 171320

Apply for Scheme

For more details contact nearest branch or customer care E-mail ID :customercare@kokanbank.in

Harbour Crest, Mazgaon T.T., Mumbai - 400 010.

+91-22 2372 3753, 2372 9969, 2637 9971, 2373 4202, 2373 4311

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