Progressive Co-operative Bank Ltd., Mumbai Savings Account interest rates · November 2026
What would I earn at Progressive Co-op Bank?
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How this estimate works
Estimates use a steady balance and simple annual interest. Where the published bands give different results, we show two estimates: applying rates to each portion of the balance, and applying the selected rate to the entire balance. Confirm the method with the bank. The comparison table below uses its existing whole-balance estimate with quarterly compounding, so its figures can differ.
For insured banks, DICGC coverage for eligible deposits includes principal and accrued interest, up to ₹5 lakh across deposits held at the same bank in the same right and capacity. Deposit insurance details ↗
What if I put some in a 1-year FD?
Estimates are before tax. Check early withdrawal terms before choosing an FD.
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
Any tenure |
2.50% | 2.50% | All balances | 15 Jul 2025 ✓ verified 13 Nov 2026 | official fetched 26 Oct 2026 |
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See balance examples
Progressive Co-op Bank savings account return examples
| Balance | Rate | Interest | Per month |
|---|---|---|---|
| ₹10,000 | 2.50% | ₹252a year | ₹21a month |
| ₹50,000 | 2.50% | ₹1,262a year | ₹105a month |
| ₹1 lakh | 2.50% | ₹2,524a year | ₹210a month |
| ₹5 lakh | 2.50% | ₹12,618a year | ₹1,052a month |
| ₹10 lakh | 2.50% | ₹25,235a year | ₹2,103a month |
| ₹25 lakh | 2.50% | ₹63,088a year | ₹5,257a month |
Open a figure in the savings calculator. Darker shade = higher rate. These examples use the published rate on the whole balance and quarterly compounding. Some banks apply each rate only to the portion of the balance in its band. Rates as of 14 Nov 2026. DICGC’s limit includes eligible balances and accrued interest held at the same bank in the same right and capacity.
- Transcribed from the bank's published rate sheet (re-checked by SHA-256 on every fetch); 'Revised Deposit Interest Rate w.e.f. 15/07/2025' (the card-rate columns are headed WEF 16/06/2025); the 444- and 270-day specific tenor schemes and the non-callable retail deposits (₹1.01 crore to below ₹3 crore) are named special offers; bulk deposits of ₹15 lakh and above carry no additional interest (bank rule)
Before you book
Progressive Co-op Bank Savings: frequently asked questions
What is the highest Progressive Co-op Bank Savings interest rate?
As of 14 Nov 2026, Progressive Co-operative Bank Ltd., Mumbai offers up to 2.50% p.a. on its savings account (All balances) for general customers. Rates below are as published by the bank. Confirm with Progressive Co-op Bank before investing.
When did Progressive Co-op Bank last change its Savings rates?
RateScan.in has recorded no change to Progressive Co-operative Bank Ltd., Mumbai's savings account rates since it started tracking them on 26 Oct 2026.
Is my savings account with Progressive Co-op Bank insured?
Deposits with Progressive Co-operative Bank Ltd., Mumbai are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these Progressive Co-op Bank rates?
RateScan.in refreshed this dataset on 14 Nov 2026; the bank's rates shown here are effective 15 Jul 2025. Rates can change without notice, so verify on the official Progressive Co-op Bank website before investing.
More Progressive Co-op Bank rates
Savings rates at other banks
Good to know
- Deposits with Progressive Co-operative Bank Ltd., Mumbai are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- Progressive Co-op Bank is an urban co-operative bank. Co-operative banks are regulated by the RBI together with the state registrar of co-operative societies; check that the bank is covered by DICGC before depositing.
- Senior citizens (60+) earn up to 1.00% p.a. more than general customers at Progressive Co-op Bank, depending on the tenure.
- Progressive Co-op Bank's FD table includes 3 special schemes; check eligibility and end dates.
Informational only. Always confirm the current rate on the official Progressive Co-op Bank website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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