Interest Rates

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Interest Rate

REVISED INTEREST RATES ON TERM DEPOSITS W.E.F 11.10.2019
Maturity Period Revised Interest Rates per annum w.e.f 12.12.2019
07 days to 30 days 4.50 %
31 days to 45 days 5.00 %
46 days to 90 days 5.40 %
91 days to 180 days 5.30%
181 days to 270 days 5.60 %
271 days to less than 1 year 6.00%
1 year to less than 2 years 6.15%
2 years to less than 3 years 6.15%
3 years to less than 5 years 6.15%
5 years to 10 years 6.00 %
  • The above rates are applicable to Fresh Term Deposits & Renewal of Term Deposits.
  • The revised rates shall also be applicable on Tax Saver Scheme of the Bank.
  • Additional interest rate of 0.50% p.a. to senior citizens shall be allowed across all maturities.
  • Domestic Term Deposits of serving Staff Members shall continue to earn additional interest rate of 1% across all maturities.
  • Retired Staff Members over 60 Years of age shall continue to earn an additional interest of 1.50% across all maturities.