Andhra Pradesh Brahmin Co-operative Credit Society Limited
Andhra Pradesh Brahmin Co-operative Credit Society Limited

(Government of Andhra Pradesh Undertaking)

FIXED DEPOSITS SCHEME-INTEREST RATES   (Less than 1 Crore Rupees)


Sr No Tenure PeriodAll Members

w.e.f 01-03-2017

Senior Citizen Members

w.e.f 01-03-2017

160 days to 179 days6.75 %7.25 %
2180 days to 210 days 6.75 % 7.25 %
3211 days to less than 1 year6.75 %7.25 %
41 year to 455 days7.15 %7.65 %
5456 days to less than 2 years7.00 %7.50 %
62 years to less than 3 years7.00 %7.50 %
73 years to less than 5 years6.75 %7.25 %
85 years and upto 10 years 6.75 %7.25 %

                      Effective Date: 01 March 2017

Note:
  1. The rate applicable to all Senior Citizen Members of age 60 years and above will be 0.50% above the rate payable for all tenors to resident Indians
  2. Premature Withdrawal: The instructions in respect of premature withdrawals of Retail Term Deposits will be as under:
    • Premature penlty for Retail Term Deposits up to Rs.5.00 lacs will be Rs.200/- provided the deposits have remained with ABCCS for at least 7 days
    • For Retail Term Deposits above Rs.5.00 lacs but less than RS.1.00 crore, the prepayment penalty will be 1% for all tenors
    • There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits
    • No premature penalty will be levied on senior citizen members