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Co-op Banks Announce Major Changes: 8.25% Interest & New Gold Loan Rules!
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News18•26-09-2026, 15:10
Co-op Banks Announce Major Changes: 8.25% Interest & New Gold Loan Rules!
- •Cooperative banks now offer up to 8.25% interest on deposits.
- •Senior citizens will receive an additional 0.25% interest on their deposits.
- •Gold loans will be limited to Rs. 10,000 per gram or 75% of market value, whichever is lower.
- •Borrowers must understand both the weight and market value of gold for loan eligibility.
- •These changes impact rural populations and farmers who utilize District Central Cooperative Banks and Primary Agricultural Cooperative Credit Societies.
Key Questions Answered
Public depositors can receive a maximum annual interest rate of up to 8.25%, while senior citizens are eligible for an additional 0.25% interest rate on their deposits.
The loan limit per gram of gold is set at Rs. 10,000 or 75% of the gold's market value, whichever amount happens to be lower.
Cooperative banks disburse funds collected from public deposits as crop loans and gold loans, with additional funding sourced from organizations such as NABARD.
