Period
(For General customers as well as Senior Citizen customers) |
Rate
(For General Depositors w.e.f. 20/10/2009) |
Rate
(For Senior Citizen Depositors w.e.f. 20/10/2009) |
7 days to 14 days |
3.00 % p.a. |
3.00 % p.a. |
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. |
8.50 % p.a. |
25 months to 36 months |
8.00 % p.a. |
8.50 % p.a. |
37 months to 60 months |
8.00 % p.a. |
8.50 % 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. In order to avail interest rate of 3% p.a. for 7 - 14 days, a minimum deposit of Rs. 5.00 lakh.
2. Penalty of 1% p.a. levied for premature withdrawal of deposits.
3. In case of Inter Bank deposits, the Managing Director may be authorized to negotiate interest rate based on prevailing market rates from time to time.
4. 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.
5. Monthly interest to be paid on discounted basis to general depositors and the same shall not be applicable for Senior Citizens.
Further, please note that Preferential rate of interest will be given on the deposits of senior citizens in their single name only. Exceptionally, they may keep deposits jointly with their spouse, who may or may not be a senior citizen.
to claim benefit under Section 80C upto a maximum of Rs. 1 lakh) for the period of 5 years.
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 01/03/2010.