Diposit interst rate
The interest of term deposits has been amended according to the decision passed in the Board of Directors dated 01.08.2016.
Fixed Deposit Interest Rates
|
S.No.
|
Period
|
Prevalent Interest Rates (from 01.08.2016)
|
Modified acceptance interest rates
|
|
1
|
Current account
|
-
|
-
|
|
2
|
Savings account
|
4.00%
|
Unchanged
|
|
3
|
Fixed time
|
-
|
-
|
|
4
|
07 to 14 days
|
4.00%
|
Unchanged
|
|
5
|
46 to 90 days
|
6.25%
|
Unchanged
|
|
6
|
91 to 180 days
|
7.00%
|
Unchanged
|
|
7
|
181 days to 364 days
|
7.50%
|
Unchanged
|
|
8
|
01 year and above but less than 02 years
|
7.75%
|
Unchanged
|
|
9
|
01 year and above but less than 02 years
|
8.00%
|
Unchanged
|
|
10
|
03 years and above
|
8.05%
|
Unchanged
|
|
11
|
Recurring deposit
|
As per the interest rate of all fixed deposits
|
|
12
|
Double deposit
|
As per the interest rate of all fixed deposits
|
|
13
|
Reserve fund cooperatives
|
7.00% on pre-employed amount only the interest rate prevailing in the year of appropriation is only on the amount of appropriation
|
|
14
|
Special Bed Debt Reserve Fund Institutions
|
7.00 %
|
|
14
|
Risk Fund Co-operative Societies
|
7.00%
|
Other Terms
- Senior citizens will be paid 0.50 per cent additional interest rate on fixed deposits of 01 years and above.
- Revised interest rates will be applicable only on new fixed deposits and renewal deposit receipts.
- In the event of withdrawal before maturity date, interest will be paid after deducting the applicable rate from one percent to the period during which the bank was in the bank on the amounts according to the current rule.
- The maximum duration of term deposit will be 10 years.
- According to RBI circular, the interest of the interest payable to the general customers in advance will be 1% more to the employees of the bank.