| S.No. | Period | Existing Rate
of Interest (P.A.) | Revised Rate of
Interest (P.A.) |
| 1 | Saving Bank A/c | 4.00% | 4.00% |
| 2 | 16 days to 45 days | 4.50% | 5.50% |
| 3 | 46 days to 90 days | 6.00% | 6.25% |
| 4 | 91 days to 179 days | 6.50% | 6.75% |
| 5 | 180 days to 1 year | 7.00% | 7.10% |
| 6 | Above 1 year to 2
years | 7.10% | 7.30% |
| 7 | Above 2 years to 3
years | 7.20% | 7.40% |
| 8 | Above 3 years to 5
years | 7.10% | 7.25% |
| 9 | Above 5 years | 7.00% | 7.20% |
| | | |
| 1 | These 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. |
| 2 | 1%
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. |
| 3 | Extra
0.50% interest rate shall be allowed to the Senior
Citizens on Term Deposit. |
| 4 | No
interest shall be paid if the deposit remains with the bank below 14 days on
Term Deposit in case of premature withdrawal. |
| 5 | 0.50%
penal interest on corresponding period on premature withdrawal/renewal before
due date. |
| 6 | The
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. |
