Deposit Rates

Savings Bank Deposit  (w.e.f  06.10.2017) - 2.75%

Revised Rates (w.e.f  01.07.2020) of Interest for Fresh Term Deposits and Renewal TDRs

Tenor

Rates w.e.f  01.07.2020

Rates for Senior Citizen w.e.f. 01.07.2020

 (i)  7 days to 45 days

3%

3%

 (ii)  46 days to less than 179 days

4%

4.50%

 (iii) 180 days to less than 1 year

4.75%

5.25%

 (iv)  1 year to less than 10 years

5.10%

5.60%

 

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  • Penalty for Premature closure:  Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposits remained with the Bank, with 1% penalty.

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