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Deposit Interest Rates

INTEREST RATES ON DEPOSITS WITH EFFECTIVE FROM 02.05.2022
Period Individuals (in % age) Senior Citizens (in%age)
30 Days to 44 Days 5.00% 5.00%
45 Days to 90 Days 5.25% 5.25%
91 Days to 180 Days 5.50% 6.00%
181 Days to 364 Days 5.75% 6.25%
Above 12 Months upto 24 Months 6.00% 6.50%
Above 24 Months upto 36 Months 6.50% 7.00%
Above 36 months 7.00% 7.25%
Special Fixed Deposit Products
SL No Period Individuals and Senior Citizens
1 333 Days 7.00%
2 1444 Days 7.50%
Auto renewal for 12 months in the same (existing) type of deposit. 4.00%

1. For 333 Days and 1444 Days Fixed deposits, pre-closure penalty- 2%

2. For all other deposits, pre-closure penalty-1%

3. Pre closure penalty is applicable to all including Senior Citizens.

4. All other Term Deposit including NRI deposit (only renewal), shall attract the above rates.

5. Interest on Demand Loan and Overdraft on the security of Term deposit shall be charged at 1% over and above the deposit rate.

6. DL/OD shall be sanctioned upto 90% of deposits. However interest on deposit shall be invariably credited to DL/OD A/c.

7. Interest payment is subject to TDS