The Zoroastrian Co-operative Bank has increased interest rates on Fixed Deposits significantly and is now offering interest rate of 7.25% to its Senior Citizens for Fixed Deposits of 1 year to 3 years. Interest rates for general public (other than Senior citizens) is 7% for tenures from 1 year to 3 years. Details of interest rates for various tenors have been displayed on Bank’s website www.zoroastrianbank.com
The Zoroastrian Bank is a Multi-State, Scheduled Urban Co-operative Bank with strong financials led by a professional Board. The Bank has loyal Customer base who have been patronizing the Bank for decades. In a recent Customers Meet of the Bank, a large number of Customers participated and appreciated the services of the Bank. The Bank has strong Retail focus and share of Retail Loans is around 60%. The Bank has registered excellent growth of 25% in its Credit portfolio during the financial year ended March 2023.
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