Rate of Interest
Rates of Interest on Deposits with effect from 06.12.2022
| S.No. | Type of Deposits & Tenor Period | Rate of Interest |
|---|---|---|
| 1. | Demand Deposits | |
| Saving Accounts | 3.75% | |
| 2. | Term Deposits | |
| 7 – 14 days | 4.00 % | |
| 15-29 days | 4.00 % | |
| 30 – 45 days | 4.50 % | |
| 46 – 90 days | 4.50 % | |
| 91 – 179 days | 6.20 % | |
| 180 – 364 days | 6.20 % | |
| Exact 1 year | 7.25 % | |
| Above 1 Year to <= 2 Years | 7.25 % | |
| Above 2 Years to <= 5 Years | 6.50% | |
| Above 5 Years to up to 10 Years | 6.25 % | |
| *For Senior Citizens/Bank PACS shall be allowed | 0.50 % Excess | |