Rate of Interest for Deposits with effect from 12-05-2020
| S.No. | Type of Deposits & Tenor Period | Rate of Interest |
|---|---|---|
| 1. | Demand Deposits | |
| Saving Accounts | 3.50 % | |
| 2. | Term Deposits | |
| Up to 7 days | Nill | |
| 7 – 29 days | 4.60 % | |
| 30 – 45 days | 4.75 % | |
| 46 – 90 days | 5.50 % | |
| 91 – 179 days | 6.00 % | |
| 180 – 364 days | 6.25 % | |
| Exact 1 year | 6.75 % | |
| Above 1 year – Below 3 years | 6.50 % | |
| 3 years and above up to 10 years | 6.70 % | |
| *For Senior Citizens/PACS (Except for the Period 7 to 29 days) | 0.60 % Excess |