Deposits
Rate of interest on deposits with effect from 19th April 2023
| Tenure |
Interest Rates Normal |
Interest Rates for Senior Citizen |
| 15 to 90 Days |
5.00% |
5.50% |
| 91 Days to up to 1 year |
6.00% |
6.50% |
| 411 Days |
8.00% |
8.00% |
| 1 year to 3 years |
7.75% |
8.25% |
| 3 years to 5 years |
7.00% |
7.50% |
| 5 years to below 10 years |
6.75% |
7.25% |
Note :
- Extra interest of 0.50% on deposit of Staff and Senior Citizens.
- 0.25% Extra Interest on Single Ticket Fix Deposit of 1 crore and above.
- Senior Citizen staff/ex-staff can claim only one benefit at a time between staff rate and Senior Citizen rate.
- Senior Citizen can claim only one benefit at a time between Senior Citizen Rate or Bulk Rate.
- All above schemes have compound option and pay out of interest option.
- 411 days scheme can not be clubbed with any other advantage like bulk rates, senior citizen, staff rates.
