Rate of Interest
The Howrah District Central Co-operative Bank Limited (HDCCB) offers a variety of deposit and loan products, each with specific interest rates. As of December 2024, detailed information on these rates is limited. However, general trends in co-operative bank interest rates can provide some context.
Deposit Interest Rates:
Co-operative banks typically offer competitive interest rates on fixed deposits. For example, as of December 2024, rates for various tenures range between 7% and 9.25% per annum. Specific rates vary depending on the bank and the deposit tenure.
Loan Interest Rates:
Regarding loans, the Ministry of Agriculture & Farmers Welfare lists the interest rate for HDCCB at 4%. This rate is consistent with other District Central Co-operative Banks (DCCBs) affiliated with Primary Agricultural Credit Societies (PACS).
Contact Information:
For the most accurate and up-to-date information on HDCCB’s interest rates, it’s advisable to contact the bank directly:
- Address: Court Para, P.O. Uluberia, Dist. Howrah, PIN-711315
- Phone: 033-3570-2749
- Email: dccbhowrah@howrahdccb.com
Additionally, HDCCB has announced the launch of its official website on January 2, 2025, which will provide comprehensive information on their products and services.
Note: Interest rates are subject to change based on economic conditions and regulatory guidelines. It’s recommended to verify the current rates directly with the bank before making any financial decisions.