The Government of Kerala on February 24, 2023, issued a notification regarding the hike of Interest rate on investments in the co-operative sector.
The following has been stated namely: -
• The interest rates on investments in primary cooperative societies and Kerala Bank have been increased.
1. On investments up to two years, there is an increase of 0.5 percent
2. On investments above two years there is a 0.25 percent hike.
• According to the revised rates, the depositors will be able to get more interest than the deposit interest rates of nationalized banks and other banks through cooperative banks.
• The table with the New interest rates has been attached to the notification
