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 – 14 days 3.00 %
15-29 days 3.50 %
30 – 45 days 4.00 %
46 – 90 days 4.50 %
91 – 180 days 5.00 %
181 – 364 days 5.50 %
Exact 1 year 6.00 %
Above 1 year – Below 3 years 5.50 %
3 years  and above up to 10 years 5.50 %
 *For Senior Citizens/PACS Shall be allowed 0.50 % Excess