SAVINGS DEPOSIT RATES
Savings Deposit Rate: 3.25%
FIXED DEPOSIT RATES (W. E. F.07-05-2024)*
According to the decision taken in the meeting of the Board of Directors dated 7-5-2024, the following interest rates will be effective from 9 May 2024 on the deposits in the bank –
| SR NO | TENURE | INDIVIDUALS |
| 1 | 15 DAYS TO 45 DAYS | 3.00% |
| 2 | 46 DAYS TO 90 DAYS | 4.00% |
| 3 | 91 DAYS TO 180 DAYS | 4.50% |
| 4 | 181 DAYS TO 364 DAYS | 5.50% |
| 5 | 1 YEAR AND ABOVE BUT LESS THAN 2 | 7.00% |
| 6 | 2 YEAR AND ABOVE BUT LESS THAN 3 | 7.00% |
| 3 YEARS AND ABOVE | 7.00% |
Special Deposit Interest Rate
1. for 200 days – 7.25
Terms –
1. Minimum deposit amount Rs. No maximum limit of Rs 5,00,000/-.
2. This amount will not be renewed if it expires. There will be no premature payment of this amount.
Note –
- Senior citizens whose age is 60 years or more will be given 0.5 percent more interest than the current prevailing rate of the bank on the fixed deposit amount.
- The new revised interest rates on fixed deposits will be effective on all new/renewed fixed deposits from 9-5-2024.
- 1 percent penal interest will be charged on prepayment on fixed deposit.
- TDS will be collected on all types of fixed deposits as per rules. In case of absence of PAN number, TDS will be deducted at the rate of 20 percent.