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 Deposit Schemes

Kapol Tax Saving Deposit Scheme

The Kapol Bank has introduced a new scheme vide which you can not only deposit your amount and avails best interest rates but also you can get the tax deduction, the details as below :-

  • Investment upto Rs.1,00,000/-
  • Period of Deposits : 5 years (Lock-in-Period)
  • Tax Relief under Sec 80C of the Income Tax Act.
  • Rate of Interest : 7.50% with quarterly rests.
  • Interest is taxable

Deposit Scheme for 500 days (monthly/Quarterly) introduced. The rate of Interest -

  • Special Deposit Scheme for 500 days (monthly/Quarterly) introduced.
  •  The rate of Interest -
  • @ 10.50% for Sr. Citizen
  • @10.50%  for General public

   Term Deposits

We are offering the following interest rates to the deposits, as on 16/01/ 2012 -

Interest  Rates

PERIOD OF TERM DEPOSITS

INDIVIDUAL, CO-OP HSG. SOC & REGISTERED TRUST

SR. CITIZEN

15 to 45 days 5.00% 5.00%
46 to 90 days 6.75% 6.75%
91 to 180 days 7.50% 7.50%

181 to  Less than  12 months

8.00% 8.00%
12 months to  24 months 9.25% 9.75%
above 24 months - 36 months 9.25% 9.75%
above 36 months - 60 months 8.25% 8.75%
above 60 months 8.00% 8.00%


Fixed Deposits

Under this scheme, you can deposit for various periods ranging from 30 days to 72 months. Interest is paid on monthly / quarterly / half yearly / yearly basis, as desired by you.

Sanchay Nidhi

Under this scheme you can deposit for any period from 12 months to 72 months. This is a reinvestment scheme, interest is calculated on quarterly basis and compounded.


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127, Samruddhi Bungalow,  1ST Floor, Vallabhbhai Road, Opp.Rly. St., Vile Parle (West), Mumbai - 400 056
Tel.: (022) 26125906-08 Fax: 26125912 email : kapol@kapolbank.com


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