REVISION IN DEPOSIT INTEREST RATE 16/04/2016
|
Revised w.e.f. 16.04.2016
|
Period of Deposits
|
General Public *
|
Sr. Citizen
|
15 days to
45 days
|
5.00
|
5.00
|
46 days to
90 days
|
6.50
|
6.50
|
91 days to
180 days
|
7.00
|
7.00
|
181 days to
less than 12 months
|
7.50
|
7.50
|
12 months to 24
months
|
8.00
|
8.25
|
Above 24 months to 36 months
|
7.50
|
7.75
|
Above 36 months to 60 months
|
7.00
|
7.25
|
Above 60 months
|
7.00
|
7.25
|
500 days only (New)(Simple Interest)
|
Stand withdraw
|
*General Public: Individual, Co-operative Housing
Society, Registered Trust & all other category of
deposits.
The revised rate of interest is
effective from 16/04/2016
Please note that the
revised rates are applicable to fresh deposits only. Bank will charge penal
interest @ 1% on all deposits which are prematurely closed and reinvested regardless
of the residual period of deposit. Existing practice of charging penal interest
(1%) on premature withdrawal of deposits will continue.