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Deposit Interest Rate

Rate of Interest on Deposits

(W.E.F – 01.08.2022)

Duration

Rate of Interest on Deposits Less than ₹ 1 Crore (RETAIL RATE)

 

Rate of Interest on Deposits for Senior Citizens

( 0.50 % Extra)*

Rate of Interest on Deposits ₹ 1 Crore and above

(BULK RATE)

7 days upto 14 days

4.00

4.00

4.00

15 days upto 30 days

4.00

4.00

4.00

31 days upto 45 days

4.00

4.00

4.00

46 days upto 90 days

4.75

4.75

4.75

91 days upto 180 days

4.75

4.75

4.75

181 days upto 1 Year

5.00

5.00

5.00

Above 1 Year upto 2 Years

6.00

6.50

6.25

Above 2 Years upto 3 Years

6.00

6.50

6.25

Above 3 Years upto 4 Years

6.00

6.50

6.25

Above 4 Years upto 5 Years

6.50

7.00

6.75

Above 5 Years upto 8 Years

6.75

7.25

7.00

Above 8 Years upto 10 Years

6.75

7.25

7.00

Vasudhara Tax Planning Scheme

6.50

7.00

6.75

Azadi Amrut Mahotsav Deposit Scheme – 750 Days (w.e.f.22/08/2022)

(Compulsory Quarterly Interest Payout)

7.50

7.50

7.50

444 Days Deposit Scheme (w.e.f.17/10/2022)

(cumulative & non cumulative)

7.85

7.85

7.85

1. Interest Rates on Savings deposit – 3.50%

2. Staff / Ex- Staff is entitled to 1% more for Term deposits.[Except for Azadi Amrut Mahotsav Deposit Scheme and 444 Days Scheme]

3. Senior Citizens of 60 years and above are entitled to 0.50 % more for the term deposit of above 1 year on fresh / renewal of deposits.[Except for Azadi Amrut Mahotsav Deposit Scheme and 444 Days Deposit Scheme]

4. Bulk Deposits ( ₹ 1.00 crore and above) rate of interest = 0.25% more from above rates for term deposit of above 1 year. [Except for Azadi Amrut Mahotsav Deposit Scheme and 444 Days Deposit Scheme]

5. No Interest on Current deposits

6. Co-operative Banks Term deposit not to be accepted for Azadi Amrut Mahotsav Deposit Scheme and 444 Days Scheme.

 

 


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