Revision of Rate of Interest on Term Deposits (Below Rs.2 crore) effective from 02.09.2023
Interest rates are per annum
Maturity Period |
Revised rates w.e.f. 02.09.2023 |
|
For Public |
For Senior Citizen |
|
7 days to 45 days |
3.00% |
3.50% |
46 days to 179 days |
4.50% |
5.00% |
180 days to 210 days |
5.25% |
5.75% |
211 days to less than 1 year |
5.75% |
6.25% |
1 year to less than 2 years |
6.80% |
7.30% |
2 years to less than 3 years |
7.00% |
7.50% |
Special Deposit for 400 days (Applicable |
7.10% |
7.60% |
Non-Callable where Pre-mature payment not |
||
For one year in above category |
7.10%
|
7.60% |
For two years in above category |
7.40%
|
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.
Chief Executive Officer