Interest Rates

Deposit rates with effect from 05-12-2016

Sl No. 

 Time

New rate w.e.f. 05-12-2016

Existing retail deposit rate below 1 crore

New Retail deposit rate below 1 crore

Existing Bulk deposit rate for 1 crore & above

New Bulk deposit rate for 1 crore & above

1

7 - 14 days

4.75%

4.25%

5.50%

5.50%

2

15 - 29 days

4.75%

4.25%

5.50%

5.50%

3

30 days

5.25%

4.25%

5.50%

5.50%

4

31 - 45 days

5.25%

4.25%

5.50%

5.50%

5

46 - 60 days

6.00%

6.00%

6.00%

6.00%

6

61 - 90 days

6.50%

6.25%

6.25%

6.25%

7

91 days < 180 Days

6.75%

6.25%

6.50%

6.50%

8

180 Days

7.00%

6.50%

6.75%

6.75%

9

181 Days - 269 day

7.00%

6.50%

6.75%

6.75%

10

270 day

7.25%

6.50%

6.75%

6.75%

11

271 days < 1 Year

7.25%

7.00%

6.50%

6.50%

12

1 year  < 13 months

7.30%

7.00%

6.75%

6.75%

13

13 months  < 2 Years

7.30%

7.00%

7.00%

7.00%

14

2 Year - 3 Years

7.30%

7.00%

6.75%

6.75%

15

3 years 1days < 5 years

7.25%

7.00%

6.75%

6.75%

16

5 years

7.25%

7.00%

6.50%

6.50%

17

5 years 1 day < 8 years

7.25%

7.00%

6.50%

6.50%

18

8 years -10 years

7.00%

7.00%

6.50%

6.50%

 

These rates of interest shall be applicable to fresh deposit as well as renewal of existing term deposit.

  • Senior citizen will get 0.50 % more than applicable rate of interest*
  • Cooperative society will get 0.25% more than applicable rates
  • Divyang (psychically challenged ) / Widow will get 0.25% more than applicable rate of interest*
  • There will be no change in the interest rate on SB account.

* Not in any case no one will get dual benefit.

Premature payment of Bulk term deposits :

The extant undernoted instructions regarding interest rate to be charged on premature payment of domestic Bulk Term Deposits will remain unchanged:-  

a. There shall be no penalty for premature withdrawal of bulk deposits of tenors below one year provided these have remained with the bank for at least 7 days.

b. In other cases of premature withdrawal, the Interest shall be 1 % below the rate applicable for the period the deposit has remained with the Bank. However, no interest will be paid if the      deposit remains for less than 7 days period. 

c. There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits. 

Note:- These rates are for view and reference only for current rates please visit to branch.

 


    New rate w.e.f. 05-12-2016
Existing retail deposit rate below 1 crore New Retail deposit rate below 1 crore Existing Bulk deposit rate for 1 crore & above New Bulk deposit rate for 1 crore & above
1 7 - 14 days 4.75% 4.25% 5.50% 5.50%
2 15 - 29 days 4.75% 4.25% 5.50% 5.50%
3 30 days 5.25% 4.25% 5.50% 5.50%
4 31 - 45 days 5.25% 4.25% 5.50% 5.50%
5 46 - 60 days 6.00% 6.00% 6.00% 6.00%
6 61 - 90 days 6.50% 6.25% 6.25% 6.25%
7 91 days < 180 Days 6.75% 6.25% 6.50% 6.50%
8 180 Days 7.00% 6.50% 6.75% 6.75%
9 181 Days - 269 day 7.00% 6.50% 6.75% 6.75%
10 270 day 7.25% 6.50% 6.75% 6.75%
11 271 days < 1 Year 7.25% 7.00% 6.50% 6.50%
12 1 year  < 13 months 7.30% 7.00% 6.75% 6.75%
13 13 months  < 2 Years 7.30% 7.00% 7.00% 7.00%
14 2 Year - 3 Years 7.30% 7.00% 6.75% 6.75%
15 3 years 1days < 5 years 7.25% 7.00% 6.75% 6.75%
16 5 years 7.25% 7.00% 6.50% 6.50%
17 5 years 1 day < 8 years 7.25% 7.00% 6.50% 6.50%
18 8 years -10 years 7.00% 7.00% 6.50% 6.50%

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