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Interest Rate on Deposit

INTEREST RATE ON DEPOSIT

 

Sr. No

Type of Dep./ Period

New Int. Rate W.E.F. 01.11.2017

Ordinary A/c holder's,All Regd.Co.op.Soc.&Bulk Deposits of Rs. 15.00 Lacs & above

Senior citizen (60 year above)

Ordinary A/c holder's,All Regd.Co.op.Soc.& Bulk Deposits Of Rs.15.00 Lacs & Above

Senior citizen (60 year above)

1.

Saving Deposit

3.00%

3.00%

--

                --

2.

Fixed Deposit

STD/FDR/MUC

DD/KTY/RD

 

15 Days to 45 Days

4.50%

4.50%

--

                --

 

46 Days to 90 Days

5.00%

5.00%

--

                --

 

91 Days to 180 Days

6.00%

6.00%

--

                --

 

181 Days to 1 year

6.50%

6.50%

--

               --

 

13 Months to 24 Months

7.25%

7.50%

7.00%

7.25%

 

25 Months to 36 Months

7.75%

8.00%

7.25%

7.50%

 

37 Months to 60 Months

7.25%

7.50%

7.00%

7.25%

Note :

  1. Deposit mobilized under "Bulk Deposit Scheme" will be accepted under Fixed Deposit Scheme (FDR) and Masik Utpanna Certificate(MUC)  only.
  2. Premature payment will not be permitted for Bulk Deposit of RS.15.00 Lacs and Above.
  3. As per revised system interest calculation will be on days basic (365 days ) instead of year. Therefore hereafter branch should take due care while opening the deposit account.
  4. Other instructions remain unchanged as per the Internal Circular No.326.
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