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INTEREST RATE ON TERM DEPOSITS
w.e.f. 01.01.2010
S.No. |
Period |
Rate of Interest w.e.f.
01.01.2010 |
1. |
30 days to 45 days |
3.00 % |
2. |
46 days to 90 days |
4.00 % |
3. |
91 days to 180 days |
5.25 % |
4. |
181 days to less than 1 year |
6.00 % |
5. |
1 year to less than 2 years |
6.50 % |
6. |
2 years to less than 3 years |
7.00 % |
7. |
3 years to less than 5 years |
7.00 % |
8. |
5 years and above |
7.00 % |
Other Conditions :
- Senior citizens will be paid additional interest @ 0.50% over and above the prevailing rates.
- No penal interest to be charged in case of premature withdrawal of the deposit if the same remained with the bank for a period of three years or more.
- Additional interest @ 1% is payable to members of staff on the deposits of all maturities.
- Additional rate of interest @ 1% over and above the stipulated rate of interest payable to General Public is also payable to only those Ex-members of staff of the Bank who have put in a minimum continuous service of three years in the bank.
- Members and Ex-members of staff shall also be eligible for additional rate of interest payable to Senior Citizens @ one half (rounded off upto two decimal places) of the additional interest payable to this category of Depositors from General Public.
- Option for payment of Quarterly and Monthly interest shall be available, subject to the condition that in case of payment of monthly interest , payout will be discounted based on prevailing rates.
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