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 |