RATE OF INTEREST ON DEPOSITS w.e.f. 06th March 2025
Period (Rate
of interest)
14 days to
45 days |
3.00% |
|
46 days to
90 days |
3.50% |
|
91 days to 180
days |
4.50% |
|
181 days
& above but less than 1 year |
5.50% |
|
1 year
to 3 year |
7.25% |
|
Above 3 years
|
7.00% |
|
To pay interest on bulk Fixed Deposits of Rs.15.00 Lakh and above
|
|
|
for a period of 444 days.
|
7.50% |
|
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|
|
S.B.
deposits |
3.00% |
|
On daily balance |
|
|
For Senior Citizens on Term Deposits |
0.50% extra (on one year and above) |
|
* Fixed Deposit withdrawal before maturity carries a penalty of 0.5% and interest shall be paid at 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.
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