Wardha Nagari Sahakari (Adhikosh) bank offers variety of deposit portfolios for investment by customers to suit their requirements. Select any of our deposit products and we will offer the services under very simple terms and conditions and minimal charges. Form 15H/ 15G required to be submitted with PAN for exemption of TDS. The depositor has to fulfill KYC as per RBI directives before obtaining deposit scheme with bank. Credit facility is also offered against fixed deposits, DRD, MRD.

Break up of prevailing Interest Rates on various deposits. These interest rates are subject to changes from time to time as per Board resolutions of the Bank.

Type of deposits:

  • Saving Deposit
  • Current Deposit
  • Requested value:
  • Monthly Recurring Deposit (MRD)
  • Daily Recurring Deposit (DRD)
  • Fixed Deposits

Deposit interest rates

Sr. No. Particulars
(Fixed Deposits)		 Rate of Interest
General Sr. Citizen
1 7 days to 45 days 3.00% 3.50%
2 46 days to 179 days 4.50% 5.00%
3 180 days to 210 days 5.50% 6.00%
4 211 days to less than 1 year (upto 364 days) 6.00% 6.50%
5 1 year to less than 2 years (upto 729 days) 6.75% 7.25%
6 2 years to less than 3 years (upto 1094 days) 6.75% 7.25%
7 3 years to less than 5 years(upto 1825 days) 6.25% 6.75%
8 5 years to 10 years 6.25% 7.25%

  • Monthly Recurring Deposit Scheme should be taken for a period of 1 year and above and the interest rates as above will continue to be applicable.
  • The employees and Ex-employees of the bank will be given an additional interest rate of 1% on their deposits as above.
  • Ex-employees of the Bank who are 60 years of age or above. They can avail either the 1% interest for senior citizens or the additional 1% interest offered as ex-employees of the bank.
  • For deposits of 25.00 lakhs and above, an additional 0.50% interest will be given to the cooperative society registered under the Government Act.
  • Deduction will be applicable as per TDS rule of Income Tax Act.

DICGC Cover

All the deposits of Wardha Nagari Sahakari Adhikosh (Bank) Maryadit. Are insured under Deposit Insurance and Credit Gaurantee Corporation (DICGC).Under the norms of DICGC all deposits of the customers up to Rs. 5,00,000 have been insured in the same capacity and same right under DICGC

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