Deposit Interest Rate

Rate of Interest on Deposits

(W.E.F – 10.01.2025)

1. Interest Rates on Savings deposit – 3.50%
2. Staff / Ex- Staff is entitled to 1% more for Term deposits.[Except for 15 Months Special Scheme]
3. Senior Citizens of 60 years and above are entitled to 0.75 % more for  the term deposit of above 1 year on fresh / renewal of deposits.[Except for 15 Months Special Scheme]
4. Bulk Deposits (Single deposit of ₹ 1.00 crore and above) rate of interest 0.25% more from above rates for term deposit of above 1 year. [Except for 15 Months Special Scheme and 13 Months Special Scheme]
5. No Interest on Current deposits.
6. 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   15 Months Special Scheme,  there will be no limit of amount for 15 Months   Special Scheme. Co-operative Banks Term deposit will not be accepted for 13 Months Special Scheme.