Deposit Rates

Savings Bank Deposit  (w.e.f  06.10.2017) - 3.5%

Revised Rates (w.e.f  01.01.2019) of Interest for Fresh Term Deposits and Renewal TDRs

Tenor

Rates w.e.f  01.01.2019

Rates for Senior Citizen w.e.f. 01.01.2019

 (i)  7 days to 45 days

5.50%

5.50%

 (ii)  46 days to less than 2 years

6.75%

7.25%

 (iii)  2 years & upto 10 years

6.75%

7.25%

 

Note:

  • Penalty for Premature closure:  Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposits remained with the Bank, with 1% penalty.

Useful Links

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