Abhyudaya Cooperative Bank FD Interest Rates 2025

What is the Abhyudaya Cooperative Bank Fixed Deposit?

Abhyudaya Bank Fixed Deposit allows individuals to deposit a fixed amount for a specific tenure and earn interest at a fixed rate throughout the period. The bank provides a range of fixed deposit schemes, such as the SHUBHAM-401 and Abhyudaya Tax Saving FDs (ATSS). Investors can choose from different interest payout options, including cumulative, quarterly, and monthly interest plans, based on their preferences.

Key Features of Abhyudaya Cooperative Fixed Deposit

Abhyudaya Bank Fixed Deposits come with a range of beneficial features. Here are some of the key features you can make use of:

• Auto-Renewal Facility: Abhyudaya Bank offers an auto-renewal option for fixed deposits linked to your savings account. You can choose this when opening your FD. If you have not selected any option or given instructions at the time of maturity, the bank will automatically renew your FD for the same period at the interest rate applicable on that day.
• Premature Withdrawal: Abhyudaya Bank allows you to close your fixed deposit before maturity. If you withdraw the FD within 7 days of auto-renewal, no interest will be given. If you withdraw it after 7 days, the bank will pay interest after reducing 1% as a penalty.
• Minimum Deposit Amount: Abhyudaya Bank fixed deposits can be opened with a minimum amount of ₹500. For Tax Saving Fixed Deposits, the minimum deposit required is ₹5,000.
• Loan Against FD: Abhyudaya Bank offers a loan facility of up to 90% of the fixed deposit amount. This helps you meet urgent financial needs without going for premature withdrawal of your FD.

Abhyudaya Cooperative Bank FD Interest Rates

Below are the tables showing Abhyudaya Cooperative FD rates based on tenure and type of deposit.

Abhyudaya Domestic Term Deposit Rates

*Abhyudaya Cooperative Bank FD interest rates w.e.f. April 23, 2025

Abhyudaya Domestic Term Deposit Rates

*Abhyudaya Cooperative Bank FD interest rates w.e.f. April 23, 2025

Abhyudaya Tax Saving Scheme (ATSS)

*Abhyudaya Cooperative Bank FD interest rates w.e.f. April 23, 2025

To explore comparative options, check the best FD interest rates in India.

How to Open an Abhyudaya Cooperative Bank FD

You can open an Abhyudaya Cooperative Bank FD either online through the internet or mobile banking, or offline by visiting a nearby branch. Here's how you can proceed:

1. Online Method

   Internet Banking

   • Log in to your account on the Abhyudaya Cooperative Bank official website using your customer credentials.
   • Go to the "Fixed Deposit" section.
   • Select "Open FD", choose your preferred scheme, deposit amount, and tenure.
   • Fill in the nominee and maturity instructions.
   • Review and confirm your details to complete the process. A confirmation will be displayed instantly.

   Mobile Banking App

   • Download and log in to the Abhyudaya Mobile Banking App from the Play Store or App Store.
   • Tap on the "Open FD" option.
   • Choose the scheme, tenure, deposit amount, and enter nominee details.
   • Review your selections and confirm. A confirmation message will be shown once the FD is successfully created.

2. Offline Method 

   • Visit your nearest Abhyudaya Cooperative Bank branch.
   • Ask for a Fixed Deposit application form and fill in the required details.
   • Submit the completed form along with the necessary KYC documents and deposit amount (cash or cheque).
   • Once processed and approved, the bank will issue a Fixed Deposit Receipt as proof of your investment.

Documents Required for Abhyudaya Cooperative FD

Here are the documents required to open a Fixed Deposit with Abhyudaya Cooperative Bank, whether applying online or offline:

• Identity Proof: Any valid government-issued ID such as Aadhaar, PAN, Passport, Voter ID, or Driving Licence
• Address Proof: Aadhaar card, utility bill, bank passbook, or any official document with current address details
• Photograph: A recent passport-sized photo (generally required for branch-based applications)
• PAN Card: Mandatory for tax-related compliance; absence of PAN may lead to higher TDS deductions
• KYC Verification: Digital KYC may be used for online applications, while offline mode requires submission of physical documents
• Bank Account Information: An Active savings account for linking the FD and crediting interest or maturity proceeds

Taxation on Abhyudaya Cooperative Bank FD Interest 

Interest earned on Fixed Deposits with Abhyudaya Cooperative Bank is taxable under the head "Income from Other Sources" as per the individual's income tax slab. As per Section 194A of the Income Tax Act, TDS is deducted at 10% if interest exceeds ₹50,000 for regular individuals and ₹1,00,000 for senior citizens in a financial year. To avoid higher TDS, it is necessary to provide your PAN card; otherwise, TDS will be deducted at 20%.

Key Takeaways

Abhyudaya Co-operative Bank offers fixed deposit options with features like cumulative and non-cumulative payouts, auto-renewal, and loans up to 90% of the FD amount. Senior citizens get higher interest rates, and FDs can be opened online or at a branch. One drawback is the 1% penalty on premature withdrawals, which may reduce returns. It is recommended to check which bank has the highest FD rate before investing to ensure better returns.