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 2.75%
2. Term Deposits
7 – 14 days 3.50 %
15-29 days 3.50 %
30 – 45 days 4.50 %
46 – 90 days 4.50 %
91 – 179 days 6.00 %
180 – 364 days 6.00 %
Exact 1 year 6.30 %
Above 1 Year to <= 2 Years 6.30 %
Above 2 Years to <= 3 Years 6.10%
Above 3 Years to <= 5 Years 6.10%
Above 5 Years to up to 10 Years 5.50 %
 *For Senior Citizens/PACS Shall be allowed 0.50 % Excess