Term Deposit Accounts

Tax Saver Fixed Deposit

New India Co-Operative Bank Limited offers you the perfect way to reduce your tax and increase your earnings while reducing your tax burden. Investments up to 1.50 lakh for duration of 5 years (i.e.60 months)  are exempted under section 80C of the Income Tax Act.


  1. Interest payout option of monthly, quarterly, half yearly and yearly available.
  2. Fixed deposits accepted for minimum of Rs. 1,000/- and a maximum of Rs. 1,50,000/-
  3. Nomination facility available.
  4. Attractive interest rates
Note: Tax Saver Fixed Deposits are not eligible for premature withdrawal, loan against fixed deposit and Auto Renewal facility.


You need to be a Resident Indian for investing in Tax Saver Fixed Deposit.


>> Link to view the terms & conditions