• customercare@cosmosbank.in

Internet Banking

At Cosmos Bank, we are committed to helping you meet all your banking needs to the best of our ability. You can access internet banking portal of our website at any hour of the day. There are no fixed timings to use the facilities. Moreover, enjoy the luxury of getting all the work accomplished at the comfort of your home or office, at any hour that is preferable for you

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  • Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune

  • +91-20-67086708

  • customercare@cosmosbank.in

  • Weekdays 10 AM to 6 PM
    Sunday : Closed

Interest Rates

Interest Rates

Saving Bank A/C

Interest Rates w.e.f. 18.01.2019 

Nature Rate of Interest (%) p.a.
General Senior Citizen
A. Domestic  4% ROI on deposits up to ₹ 25 Lakhs and 6 % ROI on deposits above ₹ 25 Lakhs*
a. With cheque Book facility 4.00% 4.00%
b. Without cheque Book facility 4.00% 4.00%
c. No Frills Account 4.00% 4.00%
B. Non Resident
a. NRO 4.00% 4.00%
b. NRE 4.00% 4.00%

*Initial balance up to Rs. 25.00 lakh will attract interest @ 4.00% p.a. and balance over and above Rs. 25.00 lakh will attract interest @ 6.00% p.a.

Term Deposits

We hereby inform to all our esteemed depositors/account holders that the interest rates on Domestic Term Deposits are revised w.e.f 16.12.2019.

Period General, NRO, Institutional,
Co-operative Credit Society		 Resident Senior Citizen
7 days to 14 days
[For Deposit below ₹ 1.00 Crores]
[For Deposit of ₹ 1.00 Crore & Above.]		 Nil

4.00%

 Nil

4.50%
15 days to 45 days 5.25% 5.25%
46 days to 90 days 5.50% 5.50%
91 days to 181 days 6.00% 6.00%
182 days to 12 months 6.50% 6.50%
Above 12 months to 18 months 7.50% 7.75%
Above 18 months to 24 months 7.00% 7.00%
Above 24 months to less than 39 Months 6.75% 6.75%
39 Months (Only monthly / Quarterly payout) 7.50% 7.50%
More than 39 Months to less than 5 Years 6.75% 6.75%
5 years up to 10 years 6.75% 6.75%

Cosmo TAX Saver Deposit Scheme

General & HUF Senior Citizen
7.25% 7.25%

Flexi Fixed Deposit Scheme – Revised Rate

For both General & Senior Citizen 5.25%

Corporate / SME

Housing loan new floating ROI for general borrowers with no categorization

 

Amount / Type of Loan Revised ROI %p.a. w.e.f
01.02.2017
All types of Commercial Term Loans and fund based working capital limits 12.00 to 14.50 % (Depending on Credit Rating and size of exposure)
Special Rate of Interest for Pharmaceutical activity and Agriculture and allied agriculture activity
Additional discount for borrowers having External High Rating
For Other Advances
Vehicle Loan for 2 wheeler w.e.f. 1/2/2017 for new loan (for 36 months) 11.50
Vehicle Loan for 2 wheeler w.e.f. 1/2/2017 for new loan (for 60 months)
(Floating ROI)		 12.00
Two Wheeler Loan 11.00
Vehicle Loan for 4 wheeler
New car loan:
Rs.1 to 20 lacs
Up to 3 years
Above 3 years up to 5 years
Above 5 years up to 7 years		 8.25
8.75
10.00
Rs. 20 lacs to 1 crs (only for 5 years) 10.75
Loan against assignable and tax free bonds 12.00
Loan against NSC / LIC Overdraft 12.00
Loan against Gold 11.00
Share / Mutual Fund / Overdraft 10.50
Consumer loans for domestic appliances 13.00
Cosmo – Credit 13.00
Cosmo – Credit (for salary account holders only) 12.00
Cosmo – Professionals Loan 12.00
Surety Loan 13.50
Cosmo Krushi Market Finance 0.50
Cosmo Women Loan Scheme 9.10
SHG/JLG 9.75
Education Loan
Up to 4 Lac 11.25
Above 4 Lac 10.50
SME / Cosmo Working Capital Loan Scheme 12.50
Mortgage Loan(Term Loan/Overdraft) 11.00
Cheque / Bills Purchase 18.00
Builder / Promoter Finance 16.00-17.50
Wind Mill Finance
Up to Rs. 20 Crs 13.00
Above Rs. 20 Crs 12.00
Vendor Finance (Hundi Discounting) 11.50
Minority Community 11.00
Housing loan rate of interest w.e.f. 1/2/2017 for new loan
For women 8.60
For Others 8.65
Cosmo Home Delight Scheme 10.00
Lease Rental Discounting 9.50 to 10.50
L. C. Discounting our customers / other customers 10.20
Differential Interest Rates applicable to different Categories of Of Exporters on availment of Rupee Export Credits
BPLR is considered as 13.50 % p.a.
Categories of Export Credit Rates Applicable to Interest Rates % p.a. w.e.f. 01/01/2017
1] Pre shipment Credit
A] Up to 270 days Exporters WITH Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 9.80 % p.a.
10.00 % p.a.
10.25 % p.a.
B] Up to 270 days Exporters WITHOUT Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 10.00 % p.a.
10.25 % p.a.
10.50 % p.a.
C] Beyond 270 days to 360 Days All the exporters irrespective of Credit Rating Not exceeding 2% over & above BPLR i.e. 15.50 % p.a.
2] Post Shipment Credit
A] On Demand Bills (For transit period as per FEDAI guidelines) i.e. sight bills or CAD bills Exporters WITH Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 9.80 % p.a.
10.00 % p.a.
10.25 % p.a.
B] On Demand Bills (for transit period as per FEDAI guidelines) i.e. sight bills or CAD bills Exporters WITHOUT Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 10.00 % p.a.
10.25 % p.a.
10.50 % p.a.
C] Usance bills (for total period comprising of usance export bills transit period as specified by FEDAI)
I] Up to 90 days Exporters WITH Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 9.80 % p.a.
10.00 % p.a.
10.25 % p.a.
II] Up to 90 days Exporters WITHOUT Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 10.00 % p.a.
10.25 % p.a.
10.50 % p.a.
III] Beyond 90 days up to 6 months from shipment date Exporters WITH Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 9.80 % p.a.
10.00 % p.a.
10.25 % p.a.
IV] Beyond 90 days up to 6 months from shipment date Exporters WITHOUT Loyalty Benefit
Credit Rating “A”
Credit Rating “B+ & B”
Credit Rating “C+ & C”		 10.00 % p.a.
10.25 % p.a.
10.50 % p.a.
Deferred credit for Period beyond 180 days All the exporters irrespective of Credit Rating Not exceeding 3.50% over & above BPLR i.e. 17.00% p.a.
3] Export credit not otherwise specified
I) Pre-shipment Credit All the exporters irrespective of Credit Rating BPLR + 4% i.e. 17.50% p.a.
I) Post-shipment Credit All the exporters irrespective of Credit Rating BPLR + 4% i.e. 17.50% p.a.

NRE /FCNR(B) Deposits

1. The new Interest Rates on NRE Term Deposit applicable w.e.f. 16.12.2019 are as follows:-
Day/Months NRE Term Deposit rates w.e.f.16.12.2019
Only 1 year 6.50%
Above 12 months to 18 months 7.50%
Above 18 months to 24 months 7.00%
Above 2 years to less than 5 years 6.75%
5 years up to 10 years 6.75%
2. Card rates for 60 month’s Tax Exemption Deposit Scheme w.e.f. 20.09.2019
NRI’s under NRO Category
60 months’ Tax Exemption Scheme 7.25%

 

3. Applicable Rates for Cosmo FCNR (B) and Cosmo FCNR(B) Royale Deposits with effect from 01.01.20 are as follows :

Tenor USD Applicable GBP Applicable EURO Applicable JPY Applicable
1 year  to less than 2 years $3.00 £1.99 €0.93 ¥1.28
2 year to less than 3 years $2.91 £2.07 €0.96 ¥1.29
3 Years to less than 4 years $3.90 £3.10 €2.01 ¥2.29
4 Years to less than 5 years $3.91 £3.13 €2.08 ¥2.30
5 Years $3.93 £3.17 €2.13 ¥2.31


4. Applicable Rates for Cosmo FCNR (B) Premium and Cosmo FCNR (B) Double Bonanza Scheme with effect from 01.01.20 are as follows :

Tenor USD Applicable GBP Applicable EURO Applicable JPY Applicable
1 year  1 day 3.01 2.00 0.94 1.29

5. Interest Rates on Resident Foreign Currency (RFC) Deposits for the Month of January 2020

Tenor    Interest Rates Applicable for RFC USD Deposit

 Interest Rates Applicable for RFC Euro  Deposit
1 month  to less than 3 months 1.76 0.00
3 months to less than 6 months 1.91 0.00
6 months to less than 1 year 1.91 0.00
1 year  to less  than 2 years 2.76 0.69
2 years to less than 3 years 2.66 0.71
3 years 2.65 0.76

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