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  • Term Deposits

    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.

     

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