Deposit Rates

Savings Bank Deposit  (w.e.f  06.10.2017) - 3.5%

Revised Rates (w.e.f  16.10.2017) of Interest for Fresh Term Deposits and Renewal TDRs

Tenor

Rates w.e.f  16.10.2017

 (i)  7 days to 45 days

5.50%

 (ii)  46 days to less than 2 years

6.50%

 (iii)  2 years & upto 10 years

6.25%

 

Note:

  • All Senior Citizens of age 60 years and above will be 0.50% above the existing rate payable for all tenors
  • Penalty for Premature closure:  Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposits remained with the Bank, with 1% penalty.