Home » Rate of Interest

S.No.

Type of Deposits

Fixed deposit/ Recurring Deposits period  

% P.a

1

7 Days to upto 45 Days (Minimum Rs. 50000.00 to Rs. 499999.00)

4.25

2

7 Days to upto 45 Days ( Minimum Rs. 500000.00)

4.75

3

46 Days to 90 Days

6.50

4

91 Days to 179 Days

7.25

5

180 Days to 364 Days (180 Days to below one year)

7.30

6

365 Days (One Year)

7.60

7

366 Days and above (Above one year)

7.50

SAVING BANKS(S.B.)                                                                                               4.00

Note:

1. In case of Senior citizen & i.e. persons of 60 years & above and for HUF headed by a senior Citizen, an additional interest @ 0.50 % p.a. on FDRs & RD deposits as well as on deposits.

2.  Interest on F.D.R may also be paid on monthly basis on demand of depositors.

3. Interest to be paid on premature withdrawal of term deposits at 1% below the rate applicable for the period deposit remained with the bank or 1% below the contracted rate, whichever is lower.

4. No penalty will be deducted for premature reinvestment, if funds are immediately reinvested. Provided due date of new FDR will not be earlier then the original due date of previous FDR.

5.  Senior Citizen Staff will get both the benefits of Staff (1%) Extra interest and Senior Citizen (0.50%) after submetting Declaration Form.