Interest Rates on Fixed Deposit / Recurring Deposit Schemes
As per letter dated 9255-9472 dated 18-01-2023 , Interest rate revised w.e.f. 25-01-2023 as under
| Deposit Period | Interest Rate (% p.a.) |
|---|---|
| 7 Days to 14 Days | 3.50% |
| 15 Days to 29 Days | 3.50% |
| 30 Days to 45 Days | 3.50% |
| 46 Days to 90 Days | 4.00% |
| 91 Days to 180 Days | 4.50% |
| 181 Days to 240 Days | 5.50% |
| 241 Days to 270 Days | 5.50% |
| 271 Days to Less than 1 Year | 5.70% |
| 1 Year | 6.60% |
| Above 1 Year to 2 Years | 6.60% |
| 444 Days | 7.30% |
| 2 Years to Less Than 3 Years | 6.70% |
| 3 Years to Less Than 5 Years | 6.70% |
| Above 5 Years to 10 Years | 6.70% |
Important Information
- Interest rates are subject to change from time to time as per Bank policy.
- TDS shall be deducted as per Income Tax Rules wherever applicable.
- Premature withdrawal of deposits may attract penalty as per Bank guidelines.
- In case of Senior Citizen i.e. Person of 60 years and above for minimum Amount Of Rs. 10,000/- and period 1 year and above.
- 0.25% extra interest will be given to mini bank's TRD/URP as per HO Letter No. 8681-8716 Dated 29-10-2007
- Please contact your nearest branch for the latest interest rates and detailed Terms & Conditions.