Deposit Interest Rate

Rate of Interest on Deposits

(W.E.F – 01.10.2023)

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.