RATE OF INTEREST ON DEPOSITS w.e.f. 01st November 2023
Period (Rate
of interest)
|
14 days to
30 days |
3.75% |
|
|
30 days to
90 days |
4.00% |
|
|
91 days to 180
days |
4.50% |
|
|
181 days
& above but less than 1 year |
5.50% |
|
|
1 year
and above but less than 2 year |
6.50% |
|
|
2 year
and above but less than 3 year |
6.75% |
|
|
3 year
and above |
7.00% |
|
|
S.B.
deposits (on daily balance) |
3.00% |
|
|
For Senior Citizens on Term Deposits |
0.50% extra (on one year and above) |
|
|
* No penalty on premature encashment,interest shall be paid at the rate applicable for the period deposit has run.
* Interest on Saving deposits shall be calculated and credited on 30th June, 30th September, 31st December and 31st March every year. * Interest is compounded on quarterly basis.
* Additional rate of interest @0.25% on Fixed Deposit to Co-operative Societies in addition to the existing rate of interest on Fixed Deposits for a period of one year to three years.
* Interest on bulk Fixed Deposits of Rs.15.00 Lakh and above @ 7.25% p.a. for a period of 444 days.
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