Interest Rates

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Interest Rate

REVISED INTEREST RATES ON TERM DEPOSITS W.E.F 11.05.2020
Maturity Period Revised Interest Rates per annum w.e.f 11.05.2020
07 days to 30 days 3.50%
31 days to 45 days 3.75%
46 days to 90 days 4.50%
91 days to 180 days 4.25%
181 days to 270 days 5.00%
271 days to less than 1 year 5.15%
1 year to less than 2 years 5.60%
2 years to less than 3 years 5.60%
3 years to less than 5 years 5.50%
5 years to 10 years 5.50%
  • 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.