Fixed Deposits

The rates of Interest for fresh and renewal Term Deposit  w.e.f., 05-12-2016 are as hereunder:

Term of deposit

Interest Rate

7 days to 14 days

5.50%

15 days to 45 days

5.50%

46-90 days

5.50%

91 - 180 days

6.50%

181 to less than 1 year

6.50%

1 year to less than 2 years

6.90%

2years to less than 3 years

6.95%

3 years to less than 5 years

6.50%

Above 5years

6.50%


For Senior Citizen
-
0.50 basis point extra on deposit of 1 year and above.

Penalty for Premature closure -
Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposits remained with the Bank, whichever is lower, less 1 % penalty.