| Saving Product |
Interest Type |
Payable Frequency |
| Saving Bank Account |
Compounded |
Quarterly |
| Fixed Deposit |
Simple |
Monthly/Quarterly/Half Yearly/On Maturity |
| Term Deposit |
Compounded |
Monthly/Quarterly/Half Yearly/On Maturity |
| Recurring Deposit |
Compounded |
Monthly |
In case of Fixed Deposit Schemes, the customer has the option to withdraw the Interest Amount as per the agreed frequency. In case of Term Deposit & Recurring Deposit Schemes the Total Matured Amount will be payable on maturity only with a option to discontinue the Deposit subject to penal clauses.
Interest Rates on Deposits w.e.f. 01.02.2019
| Deposit Scheme |
Public(%) |
Societies(%) |
Sr.Citizen(%) |
| Saving Bank Account |
3.50 |
3.50 |
3.50 |
| Term/Fixed Deposits |
|
|
|
| 7 days to 14 days |
4.75 |
4.75 |
4.75 |
| 15 days to 45 days |
5.25 |
5.25 |
5.25 |
| 46 days to 90 days |
6.25 |
6.25 |
6.25 |
| 91 days to 364 days |
6.75 |
6.75 |
6.75 |
| 1 year to less than 2 years(365 days to 729 days) |
6.85 |
7.35 |
7.35 |
| 2 year to less than 3 years(730 days to 1094 days) |
6.70 |
7.20 |
7.20 |
| 3 year to less than 5 years(1095 days to 1824 days) |
6.25 |
7.25 |
6.75 |
| 5 year to less than 10 years(1825 days to 3650 days) |
6.25 |
7.25 |
6.75 |
| Recurring Deposit |
|
|
|
| 1 year to less than 2 years |
6.85 |
7.35 |
7.35 |
| 2 year to less than 3 years |
6.70 |
7.20 |
7.20 |
| 3 year to less than 5 years |
6.25 |
7.25 |
6.75 |
| 5 year to less than 10 years |
6.25 |
7.25 |
6.75 |
