Rate of Interest

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