Home » Deposit Rate of Interest
|
S.No. |
Type of Deposits Fixed deposit/ Recurring Deposits period |
% P.a |
|
1 |
7 to 14 days |
4.05 |
|
2 |
7 to 14 days* |
4.20 |
|
3 |
15 to 29 days |
4.35 |
|
4 |
30 to 45 days |
4.50 |
|
5 |
46 to 90 days |
4.60 |
|
6 |
91 to 179 days |
5.00 |
|
7 |
180 to 270 days |
6.30 |
|
8 |
271 days to less than 1 Year |
6.75 |
|
9 |
1 Year |
7.00 |
|
10 |
399 Days |
7.35 |
|
11 |
Above 1 Year to less than 2 Year |
7.00 |
|
12 |
715 Days |
7.30 |
|
13 |
2 Year to less than 3 Years |
7.05 |
|
14 |
3 Years to less than 5 Years |
6.90 |
|
15 |
5 Year to 10 Year |
7.00 |
SAVING BANKS(S.B.) 2.70
* Minimum Rs. 15 Lakh
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/quarterly 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 than the original due date of previous FDR.
5. Senior Citizen Staff will get 1.5% Extra interest benefit on the prevailing rate.
*Extra interest benefit will be provided subject to submission of declaration form.
