Revision of Rate of Interest on Term Deposits (Below
Rs.2 crore) effective from
07.01.2025
Interest rates are per annum
Maturity Period |
Revised rates w.e.f. 07.01.2025 |
|||
For Public |
For Senior Citizen |
For Super senior Citizen (80 years &
above) |
||
7 days to 45 days |
3.50% |
4.00% |
4.10% |
|
46 days to 179 days |
5.50% |
6.00% |
6.10% |
|
180 days to 210 days |
6.25% |
6.75% |
6.85% |
|
211 days to less than 1 year |
6.50% |
7.00% |
7.10% |
|
1 year to less than 2 years |
6.80% |
7.30% |
7.40% |
|
2 years to less than 3 years |
7.00% |
7.50% |
7.60% |
|
Special Deposit for 400 days (Applicable
for deposit placed up to 31.03.2025) |
7.10% |
7.60% |
7.70% |
|
Special Deposit for 444 days (Applicable
for deposit placed up to 31.03.2025) |
7.25% |
7.75% |
7.85% |
|
Non-Callable where Pre-mature payment not
allowed (Above Rs.1 crore & Less than Rs.2 Crore) |
|
|||
For one year in above category |
7.10%
|
7.60% |
7.60% |
|
For two years in above category |
7.40%
|
7.90% |
7.90% |
|
Above rates
will be applicable for Recurring Deposits Schemes also as per maturity period.
Cumulative
Interest Scheme (Reinvestment plan) is continued. Interest is compounded quarterly.
Officer
(Special Duty)