Bhavana Rishi Cooperative Urban Bank Ltd accepts deposits from the general public. The bank offers best interest rates on all types of deposits. The following types are accepted by the bank.
- Term Deposits
- Recurring Deposits
The Term deposits which are deposited for a fixed term and fixed interest rates are paid on them. The following fixed terms rates are presently accepted by the bank.
- STD – Short Term Deposit for a period of less than 1 year.
- MID – Deposits of above 1 year period. Interest is paid on monthly basis till the maturity of the deposit.
- MMD – Deposits above one year. Interest is calculated quarterly and added to principal.
- QID – Deposits above one year. Interest is paid quarterly.
The interest is payable for the above deposits as under. The interest rates are revised with affect from 1st February 2021
| 31 days to 90 days | 7.00 % |
| 91 days to 180 days | 7.25% |
| 181 days to 1 year | 7.50% |
| Above 1 year to 2 years | 7.75% |
| Above 2 years to 3 years | 8.00% |
| Above 3 Years to 40 Months | 8.25% |
| Above 40 Moths | 8.00% |
The RECURRING DEPOSITS:- Deposits of fixed amount added on monthly basis, for period of 1 year to 5 years. Monthly deposit amount and maturity period will be fixed at the time of opening the account