Deposits

Rate of interest on deposits with effect from 9th Oct  2023

Fixed Deposits Interest Rates Normal Interest Rates for Senior Citizen
15 to 90 Days 5.00% 6.00%
91 Days to up to 1 year 6.00% 7.00%
211 Days 8.00% 8.00%
1 year to 3 years 7.25% 8.25%
3 years to 5 years 7.00% 8.00%
5 years to below 10 years 6.75% 7.75%


Note :

  1. Extra interest of 1.00% on deposit of Staff and Senior Citizens.
  2. 0.25% Extra Interest on Single Ticket Fix Deposit of 1 crore and above.
  3. Senior Citizen staff/ex-staff can claim only one benefit at a time between staff rate and Senior Citizen rate.
  4. Senior Citizen can claim only one benefit at a time between Senior Citizen Rate or Bulk Rate.
  5. All above schemes have compound option and pay out of interest option.
  6. 211 days scheme can not be clubbed with any other advantage like bulk rates, senior citizen, staff rates.