Rates of Interest for Fresh Term Deposits, Renewal of TDRs and Savings Account
| Tenure | Rate of interest | Rate of interest for Senior Citizens |
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 179 days | 4.50% | 5.00% |
| 180 days to <1 Year | 5.50% | 6.00% |
| 1 year to <3 years | 7.00% | 7.50% |
| >3years to 10 years | 6.50% | 7.00% |
| Saving Bank Deposits | 2.70% | 2.70% |
Note:
- The rate applicable to all Senior Citizens and MRB Pensioners of age 60 years and The rate applicable to all Senior Citizens and MRB Pensioners of age 60 years andabove will be 0.50% above the rate payable for all tenors except 7days to 45 days.
- Penalty for Premature closure: Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposits remained with the Bank, with apllicable penalty.
