Interest Rate Term Deposits
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Interest Rate Structure effective from 01/01/2024
| No. | Deposit Period. | General | Senior Citizen, Their organisation, Super Senior Citizen & Bulk Deposit | Club, institutional, Registered Sahakari Sanstha, Patsanstha, trust, Senior Citizen organisation, Bulk Deposit (Legal Entity) |
1 |
7 Days to 30 Days | 4.00% | 4.25% | 4.25% |
| 2 |
31 Days to 45 Days | 4.00% | 4.25% | 4.25% |
| 3 |
46 Days to 90 Days | 4.00% | 4.25% | 4.25% |
| 4 |
91 Days to 180 Days | 5.00% | 5.25% | 5.25% |
| 5 |
181 days & upto 12 months | 7.00% | 7.00% | 7.00% |
| 6 |
13 months & upto 24 months | 7.50% | 7.75% | 7.50% |
| 7 |
25 months & upto 36 months | 7.00% | 7.25% | 7.25% |
| 9 |
37 months & upto 50 months | 6.85% | 7.10% | 7.10% |
| 8 |
51 months & upto 120 months | 6.75% | 7.00% | 7.00% |
| 10 |
500 Days (Only Simple Interest) | 8.00% | 8.00% | 8.00% |
- Combination of Months and Days will not be accepted & TDS will be calculated Bank as whole considering Recurring deposit and shareholders also.
- Bulk depost ROI applicabal for Rs. 15 Lakh Or above amount FDR.
- Deposits upto 5 Lac are insured with DICGC.
- Saving Interest rate wef 01/09/2017 and will be paid as per slab fixed on average balance method. For average balance of Rs 3 lakh interest rate will be 3 % and for more than 3 lakh interest will be paid at 3.50 %.
- No min balance limit & no cheque book charges for Senior Citizen