Toll Free : 1800 233 7722    GST No. : 24AAAAT2885P2ZW

Deposit Interest Rate

Rate of Interest on Deposits

(W.E.F – 01.10.2023)

Duration

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

 

Rate of Interest on Deposits for Senior Citizens

( 1% Extra)*

Rate of Interest on Deposits ₹ 1 Crore to

₹ 14,99,99,999

(BULK RATE)

Rate of Interest on Deposits ₹ 15 Crore and above

(BULK RATE)

7 days upto 14 days

4.00

4.00

4.00

4.00

15 days upto 30 days

4.00

4.00

4.00

4.00

31 days upto 45 days

4.00

4.00

4.00

4.00

46 days upto 90 days

4.75

4.75

4.75

4.75

91 days upto 180 days

4.75

4.75

4.75

4.75

181 days upto 1 Year

5.50

5.50

5.50

5.50

Above 1 Year upto 2 Years

7.00

8.00

7.25

7.25

Above 2 Years upto 3 Years

7.00

8.00

7.25

7.25

Above 3 Years upto 4 Years

6.75

7.75

7.00

7.00

Above 4 Years upto 5 Years

6.75

7.75

7.00

8.00

Above 5 Years upto 8 Years

6.75

7.75

7.00

8.00

Above 8 Years upto 10 Years

6.75

7.75

7.00

8.00

Vasudhara Tax Planning Scheme

7.00

8.00

7.25

8.25

333 Days Deposit Scheme (Simple Interest)(w.e.f.01/09/2023)

 

8.25

8.25

8.25

8.25

 

  1. Interest Rates on Savings deposit – 3.50%
  2. Staff / Ex- Staff is entitled to 1% more for Term deposits.[Except for 333 Days Scheme]
  3. Senior Citizens of 60 years and above are entitled to 1 % more for  the term deposit of above 1 year on fresh / renewal of deposits.[Except for 333 Days Scheme]
  4. Bulk Deposits (single depositor of ₹ 1.00crore to ₹ 14,99,99,999) rate of interest 0.25% more from above rates for term deposit of above 1 year. [Except for 333 Days Scheme]
  5. Bulk Deposit (single depositor of Rs. 15crore and above) rate of interest 1.25% more from above rates for term deposit of above 4 years. (Except for 333  Days  Scheme)
  6. No Interest on Current deposits.
  7. Co-operative Banks  Term   deposit  not  to  be  accepted  for  Bulk  Deposit  of 1Crore  & above ( Co-operative  Banks  single Term deposit will be accepted up     to  99,99,999/- )  While  co-operative  Banks  Term  deposit  will  be  accepted in 333 Days Scheme and there will be no limit of amount for 333 Days Scheme.

 


Important Links

Latest News