Interest Rates Deposit

  • Deposit
S.No.PeriodExisting Rate of Interest (P.A.)Revised Rate of Interest (P.A.) 
1Saving Bank A/c4.00%4.00%
216 days to 45 days4.50%5.50%
346 days to 90 days6.00%6.25%
491 days to 179 days6.50%6.75%
5180 days to 1 year7.00%7.10%
6Above 1 year to 2 years7.10%7.30%
7Above 2 years to 3 years7.20%7.40%
8Above 3 years to 5 years7.10%7.25%
9Above 5 years7.00%7.20%
1These revised rates of interest on term deposits will be applicable on fresh or renewal of exiting deposit on maturity on or after 22.07.2019.
21% additional rate of interest shall be allowed on deposits, in the name of staff/retired staff. His/Her spouse can avail this benefit in case of the employee in a deceased one. Retired staffs, who are senior citizens, the benefit of additional interest rates as admissible to senior citizens over and above the additional interest payable to them by virtue of their being retired staff of the Bank.
3Extra 0.50% interest rate shall be allowed to the Senior Citizens on Term Deposit.
4No interest shall be paid if the deposit remains with the bank below 14 days on Term Deposit in case of premature withdrawal.
50.50% penal interest on corresponding period on premature withdrawal/renewal before due date.
6The rate of interest on Term Deposit of above the amount Rs. 1.00 Crore (In special cases only) shall be decided by Head Office as and when needed.