Revised  Rate on Interest on fixed / Recurring Deposits upto Rs.1.00 Crore of  Different Maturities

Rate of Interest on Deposits w.e.f 01/05/2022

 

PERIOD OF DEPOSIT

RATE OF INTEREST

7-30 Days

2.75%

31-45 Days

3.00%

46-90 Days

3.25%

91-180 Days

4.25%

181 Days to upto 1 year

5.25%

More than 1 year to 3 Years

5.75%

More than 3 Years to 5 Years

6.25%

More than 5 Years

7.00%

Savings Bank Account (w.e.f. 01.05.2022)

2.70%

Note : Rate of Interest on Deposits above Rs. 1.00 crore (Single Deposit) will be decided by the Board at the time of deposit depending upon the Asset and Liability Position of the Bank

Note : Senior citizens 60 yrs and above, on submission of valid age proof will get additional 50 BPS and super senior citizens 80 yrs and above will get additional 75 BPS on card rate.

Penal Provision: Premature withdrawal of any type of Term Deposit will attract penalty of 1.00% on the applicable rate (period of which deposit actually held by the Bank) i.e. on premature withdrawal, the applicable rate of interest will be the rate if interest applicable on the tenor for which the deposit was help by Bank - 1.00%.

The rates of interest are subject to change without notice.