Interest on Savings Bank A/c @ 3.50 %
p.a. (w.e.f 1st Mar, 2003)
Interest on term deposits to be paid Monthly,
Quarterly, Half-yearly & Yearly.
Your Deposits are insured upto Rs. 1 Lakh per depositor
by Deposits Insurance and Credit Guarantee Corporation,
Government of India undertaking.
| Rate
of Interest on Term Deposits: |
|
Period
(For General customers as well as Senior Citizen customers) |
Rate
(For General Depositors w.e.f. 18/06/2010) |
Rate
(For Senior Citizen Depositors w.e.f. 18/06/2010) |
15 days to 45 days |
4.50 % p.a. |
4.50 % p.a. |
46 days to 90 days |
5.50 % p.a. |
5.50 % p.a. |
91 days to 180 days |
6.50 % p.a. |
6.50 % p.a. |
|
6.50 % p.a. |
6.50 % p.a. |
12 months to 24 months |
8.00 % p.a. |
8.25 % p.a. |
25 months to 36 months |
8.00 % p.a. |
8.25 % p.a. |
37 months to 60 months |
8.00 % p.a. |
8.25 % p.a. |
61 months to 120 months |
7.00 % p.a. |
7.00 % p.a. |
Term Deposit under
BAL BHAVISHYA SCHEME
Period |
General Public |
Senior Citizens |
121 months and above |
8.00 % p.a. |
- |
Notes :
1. Penalty of 1% p.a. levied for premature withdrawal of deposits.
2. Additional rate of interest 0.50% will be given to fresh single deposit of Rs. 25 lakh & above received from Co-operative Housing Societies & Trusts.
TOP
| 'PMCB Kar-Mukt Yojna' Term Deposit Scheme |
|
to claim benefit under Section 80C upto a maximum of Rs. 1 lakh) for the period of 5 years.
| Type of Deposit |
Rate
(For General Depositors w.e.f. 18/06/2010)
|
Rate
(For Senior Citizen Depositors w.e.f. 18/06/2010)
|
Re-investment with quarterly interest compounding |
8.00 % p.a. |
8.25 % p.a. |
Fixed Deposit with Quarterly interest |
- |
8.25 % p.a. |
|
Notes :
1. Penalty of 1% p.a. levied for premature withdrawal of deposits.
2. Additional rate of interest 0.50% will be given to fresh single deposit of Rs. 25 lakh & above received from Co-operative Housing Societies & Trusts.
TOP
| Rate
of Interests for NRI's (Non-resident Indians): |
|
A
- ‘The Reserve Bank of India has instructed all Urban
Co-operative Banks to phase out acceptance of Non-Resident
Ordinary (NRO) deposits.’
B - Non-Resident External Rupee Deposit monitored by Libor rates:
| Period |
NRE
w.e.f. 1st
July, 2010
valid upto 31st July, 2010
|
12 months to less
than 18 months |
2.92 % p.a. |
18 months to less
than 24 months |
2.82 % p.a. |
24 months to less
than 36 months |
2.72 % p.a. |
36 months only |
3.08 % p.a. |
|
Interest Rate for NRE Saving
Deposits accounts shall continue to be the rate applicable
to the Domestic Saving Deposit Accounts i.e. 3.50 % p.a.
(w.e.f. 18/11/2005). Consequently, the revised rates of interest for NRE Term Deposits will be applicable to all NRE (Rupee) Term Deposits accepted/renewed w.e.f. from 01/07/2010.
TOP |
