Karnataka-based Tumkur Merchants Credit Cooperative Society increased the interest rates on deposits and the new rates are applicable W.E.F. 14 June 2022.
For 30 days to 90 days, the interest rate on depositors from general and senior citizens is 5.25% and 5.50% respectively. Whereas from 91 days and 180 days it is 5.75% and 6.30%.
The news was shared by the society officials with Indian Cooperative. In an official statement they wrote, “You valued our commitment, we valued your trust. We are committed to delivering the utmost value to you with transparency. A big thanks to all our customers, shareholders, depositors, and employees for believing in us”.
We are reproducing the new interest rate details in the table given below.
