Rate Of Interest On Term Deposits w.e.f 26.06.2021
| Sr.No. | Type of Deposit/Period | Upto 50.00 lacs(for individuals only) | Above 50.00 lacs to 1.00 Crores | 1.00 Crores and above |
|---|---|---|---|---|
| 1. | Savings | 3.25 | 3.25 | 3.25 |
| 2. | Term Deposits | |||
| i) | 1-14 days | 3.00 | 3.00 | 3.00 |
| ii) | 15 days to 30 days | 3.00 | 3.00 | 3.00 |
| iii) | 31 days to 45 days | 3.00 | 3.00 | 3.00 |
| iv) | 46 days to 90 days | 4.00 | 4.00 | 4.00 |
| v) | 91 days to 180 days | 4.00 | 4.00 | 4.00 |
| vi) | 181 days to 1 year | 4.60 | 4.60 | 4.60 |
| vii) | Over 1 year to 2 years | 5.50 | 5.50 | 5.50 |
| viii) | Over 2 years to 3 years | 5.50 | 5.50 | 5.50 |
| ix) | Over 3 years to 5 years | 5.50 | 5.50 | 5.50 |
| x) | Above 5 Years | 5.50 | 5.50 | 5.50 |
| 3. | Saving bank P.F | 8.50 | 8.50 | 8.50 |
| 4. | Locker Rent Charge Annually | Rs. 1000+ 18%GST | ||
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*The rates of interest on Term Deposits (including Recurring Deposit) for Senior Citizens will be 0.5% higher.
1% penal interest will be charged on premature payments.
**On premature payment of Term Deposit no penal interest will be charged from the employees and retired employees of the bank. No interest shall be paid if the deposit remained with the bank below 14 days on term deposits in case of premature withdrawal. ***Note: - The bank may allow interest @ 0.50 more on the deposits of one crore and above in the case of funds requirement by the bank. | ||||