Interest Rates
Interest Rates on Deposits (Domestic)
|
|
Revised Interest Rate on Term Deposits (w.e.f 01.03.2011)
|
| Maturity Range |
Deposit [Per Annum] |
| 15 days to 45 days |
5.00% |
| 46 days to 90 days |
5.50% |
| 91 days to 180 days |
6.50% |
| 181 days to 270 days |
8.00% |
| 271 days to less than 1 year |
8.25% |
| 1 year to less than 2 year |
9.00% |
| 2 year to 3 years |
9.60% |
| Above 3 year to less than 5 years |
9.00% |
| 5 year to less than 8 years |
9.50% |
| 8 year and upto 10 years |
9.00% |
| Saral Tax Saving Scheme |
8.50% |
** w.e.f.01/03/2011
|
Note :-
1. Additional interest of 0.5 % is paid on Domestic Term Deposits of Senior Citizens (of age 60 years and above)with maturity of one year and above.
2.Staff Members will be eligible for 1% additional interest rate over and above the Card Rates.
3 Retired Bank Staff (60Years and above) will get both benefit of Staff (additional 1%) and of Senior Citizen (additional 0.50%) i.. 1.50%
Premature Payment of Term Deposits: Interest to be paid on premature withdrawal of term deposits at 1.0% below the rate applicable for the period deposit has remained with the Bank, or 1.0% below the contracted rate, whichever is lower.
