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DEPOSIT INTEREST RATES

Sr. No. Particulars Rate of Interest (Revised)
Effective From 16-08-2017 Existing Rate Revised Rate
1  Savings Deposit
Savings Deposit 4.00% 4.00%
PF Account 8.50% 8.50%
2  Fixed Deposit &  Recurring Deposit
15 days to 90 days 6.50% 5.75%
91 days to 179 days 6.50% 6.00%
180 days but less than 1 year 6.80% 6.25%
1 year but less than 2 years 7.00% 6.90%
2 years but less than 3 years 7.10% 6.90%
3 years and above 7.10% 6.90%
3 Call Deposits
Call Deposits at 15 days notice 3.00% 3.00%
Call Deposits at 45 days notice 3.50% 4.00%

Note:

a. All rates are subject to revision from time to time.
b. The rate of interest on term deposit of Senior Citizen will be .50% P.a higher than the above said rates.
c. 1% additional rate of interest on deposit of staff member/their association is allowed to be continued subject to the submission of undertaking/declaration.
d. The revised rate of interest on term deposit will be applicable only on fresh deposit and on renewal of existing deposit on maturity on/or after 16-08-2017
e. There will be charge penal interest @1%p.a on premature withdrawal on term deposit.

 

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