Term Deposit Rate of Interest Effect from 23/09/2024

SL No. Type of Deposit Rate of Interest (% p.a.)
For General Senior Citizen (Age above 60 years)
1 Savings Deposit 3.25
2 Term Deposit
  (a) 07 days to 14 days 3.50 3.50
  (b) 15 days to 29 days 3.50 3.50
  (c) 30 days to 45 days 3.75 3.75
  (d) 46 days to 90 days 4.00 4.00
  (e) 91 days to 180 days 4.80 4.80
  (f) 181 days to 364 days 5.55 6.05
  (g) 365 days/12 months 7.20 7.45
  (h) Above 12 months to less than 36 months 6.20 6.70
  (i) 36 months to 60 months 6.15 6.65
  (j) More than 60 months to 120 months 6.10 6.60
  (k) 444 Days(Fixed Deposit)(Interest Payment on Maturity Only) 7.45 7.45
  (l) 600 Days(Fixed Deposit)(Interest Payment on Maturity Only) 7.50 7.70
  (m) 780 Days(Fixed Deposit)(Interest Payment on Maturity Only) 7.80 7.80
  (n) 1111 Days(Fixed Deposit)(Interest Payment on Maturity Only) 7.55 7.55
Special Schemes Existing Rate(% per annum) Revised Rate(% per annum)
1.MIS Individual for 3 years-Common People 6.10 6.60
2.MIS Individual for 3 years-Senior Citizens 6.60 7.10
3.BDRF / RFBD / RFCS ( Investments against Reserve Fund, Bad Debt Fund etc. of Co-operative Societies) 6.10 6.10
4.ARDB/PACS SPL DEPOSIT 7.35 7.35
N.B.:-1. 1% additional interest to staff, serving and retired employees of the Bank will continue subject to maximum of 10.00%.

 

2. No additional interest will be allowed to Retired Employees of the Bank in addition to the benefit of Senior Citizen beyond the amount of retirement benefit received by the concerned staff. In order to enjoy the dual benefits of staff and senior citizen after adhering to the restrictions as mentioned hereinabove, retired employees of the Bank have to submit a self declaration (in duplicate) in this regard.

 

3.For getting staff benefit interest, the staff should be the 1st Account Holder and must submit a declaration that the moneys belongs to him.The benefit of additional interest be also given to the wife of deceased staff of the Bank

 

 
All scheduled and non-scheduled banks - public, private, foreign, cooperative, regional rural and local area banks - will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release). Consequent to this, the Reserve Bank of India has announced the following changes in its functioning with effect from September 1, 2015.

 

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