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.