Deposit rates with effect from 18.07.2016

 

Tenors

Revised For Public in %

7-14 Days 

4.75

15- 29 Days

4.75

30 Days 

5.25

31-45 Days

5.25

46-60 Days

6.00

61-90 Days 

6.50

91 days < 180 Days 

6.75

180 Days

7.00

181 - 269 Days

7.25

270 Days

7.50

271 Days < 1 Year

7.50

1 Year < 13 Months 

7.50

13 Months < 2 Year

7.50

2 - 3 Year 

7.50

3 year 1 days < 5 years

7.50

5 years 

7.50

5 year 1 days < 8 years 

7.25

8 - 10 Years 

7.25

These rates of interest shall be applicable to fresh deposit as well as renewal of existing term deposit.

  • Senior citizen will get 0.50 % more than applicable rate
  • Cooperative society will get 0.25% more than applicable rates
  • Divyang (psychically challenged ) / Widow will get 0.25% more than applicable rates
  • There will be no change in the interest rate on SB account.

Premature payment of Bulk term deposits:

The extant undernoted instructions regarding interest rate to be charged on premature payment of domestic Bulk Term Deposits will remain unchanged:-  

a. There shall be no penalty for premature withdrawal of bulk deposits of tenors below one year provided these have remained with the bank for at least 7 days.

b. In other cases of premature withdrawal, the Interest shall be 1 % below the rate applicable for the period the deposit has remained with the Bank. However, no interest will be paid if the deposit remains for less than 7 days period. 

c. There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits. 
The revised rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on NRO term deposits shall be aligned as per the rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.

Note:- These rates are for view and reference only for current rates please visit to branch

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