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 |