Rate of Interest on Term Deposits

It has been decided by the Bank to revise the interest rate structure for Domestic Term Deposits of different maturities below Rs.1.00 Crore with effect from 02.12.2016. The revised interest ratesare as under:-

 

Tenor Existing Interest Rate p.a. (%)18.11.2016 Revised Interest Rate p.a. (%) (w.e.f. 02.12.2016)
For below Rs.1.00 cr For below Rs.1.00 cr
7 days to 14 days 4.50 4.50
15 days to 29 days 4.75 4.75
30 days to 45 days 5.25 5.25
46 days to 60 days 6.00 5.75
61 days to 90 days 6.25 6.00
91 days to 179 days 6.50 6.25
180 days to 269 days 7.00 6.75
270 days to 364 days 7.00 6.75
1 year to less than 2 years 7.25 7.00
2 years to less than 3 years 7.25 7.00
3 years to less than 5 years 7.25 7.00
5 years and upto 10 years 7.25 7.00

 

  1. The above rates will be applicable for fresh deposits and renewal of deposits and are subject to revision at any time.
  2. Existing additional 0.5% interest rate for senior citizens will be continued as per existing guidelines.
  3. For deposits Rs 1 crore&above: Interest rates will be decided by Branches/Regional Offices in consultation with Head Office.


Home   |    Tenders   |   EMI Calculator    |   Links    |    Press Releases   |    Complaints   |   Suggestions   |   Sitemap    |   Careers  |   Disclaimer    |   Policies & Guidelines


Designed & Developed By Zipzap Computers