Interest Rate-Deposit

    
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Domestic Term Deposits

Period Interest Rate P.A.
w.e.f. - 05.02.2024 

General Public, Regd. Co-op. Societies, Non Scheduled UCBs Senior Citizen
Up to 14 Days Nil Nil
15 Days to 45 Days 3.50 % 3.50 %
46 Days to 90 Days 4.00 % 4.00 %
91 Days to 180 Days 5.00 % 5.00%
181 Days to 300 Days 6.00 % 6.00 %
301 Days to upto 1 year 7.00 % 7.00 %

Above 1 year To 15 months

7.30 % 7.65%

Above 15 months To 2 years

7.00 % 7.35%

Above 2 year To 3 years

6.50 % 6.85%

Above 3 years

To 5 years

6.00% 6.35%
Above 5 years to 10 years 5.35% 5.70%

Other Terms and Conditions:

• The maximum period of deposits will be 10 years.

• In case of premature withdrawal of Term deposit,the interest rate payable will be 1% less than the applicable rate for the period for which the said deposit remained with the Branch.

     
PERIOD

GEN.PUBLIC, REGD.CO.OP SOCIETIES/ NON SCHEDULED UCBs

SENIOR CITIZENS
Bulk Deposits (Rs. 1.00 Cr and above)
Bank as a Whole(13 months to 24 months)
 

Bulk deposit can be accepted in any slabs above at card rate; bulk deposit is single deposit of Rs. 1cr & above.

N.A.
 
 
  

Shubhamkar Deposit

(Tax Saving)

Qtrly Cumu.

Max.Upto- Rs.1.50 Lakh Per F.Y.

For 60 Months

 6.25% (Quarterly Payout only)  6.60% (Quarterly Payout only)
400 DAYS


(Simple Interest)
 

7.20% p.a.

 

7.55 % p.a.

“Raghunandan” Special Deposit Scheme


 

7.75% p.a.

 

8.0 % p.a.