Interest
Rates for Flexible Deposit Scheme
The
Bank pays interest on deposits as per various deposit
scheme. Interest Rates are revised from time to time and
made known to public. Revised interest rates are applicable
only to the renewals and fresh deposits while existing
deposit continue to get interest at the contracted rate.
| Saving
Account Interest Rates (% p.a.) |
3.5(w.e.f.
1st March 2003) |
|
|
 |
|
| Revised
Rate of Interest on Domestic Term Deposits from below
Rs.15 lacs to below Rs. 1 crore w.e.f. 09.11.2009 |
|
APPLICABLE FROM REVISED RATE OF INTEREST
ON SINGLE DOMESTIC TERM DEPOSITS w.e.f. 09.11.2009 |
|
|
|
|
|
|
|
Below
Rs. 15 lacs
|
Rs.
15 lacs to below Rs. 1 cr.
|
|
|
Period
|
ROI
% p.a.
|
ROI%
p.a.
|
|
1
|
7
to 14 days
|
2.50
|
2.50
|
|
2
|
15
to 45 days
|
2.75
|
2.75
|
|
3
|
46
to 90 days
|
4.00
|
4.00
|
|
4
|
91
to 179 days
|
4.50
|
4.50
|
|
5
|
180
days to less than 1 year
|
5.50
|
5.50
|
|
6
|
1
year to less than 2 years
|
6.50
|
6.50
|
|
7
|
2
years to less than 3 years
|
6.75
|
6.75
|
|
8
|
3
years to less than 5 years
|
7.00
|
7.00
|
|
9
|
5
years to 10 years
|
7.00
|
7.00
|
*Annualised Yield in % terms
at the beginning of the slab
The rates of interest on Domesic Term
Deposit of Senior Citizens will be 0.50% higher on all
maturities as hitherto. Honorably retired staff members
of our Bank, fulfilling the prescribed criteria of Senior
Citizens (as advised by Bank) would also be eligible to
get this benefit of 0.50% higher rate of interest (on
all maturities) in addition to existing benefit of 1%
higher (on all maturities) over and above the normal rates
as per extant guidelines, on domestic term deposits.
These revised interest rates will be
applicable to the fresh deposits and renewal of existing
deposits with effect from 09.11.2009. No other change
in the existing terms and conditions is envisaged.
These interest rates would also apply
to term deposit accounts opened under Capital Gains Account
Scheme, 1988 (OPERATIVE IN ALL BRANCHES EXCEPT RURAL OFFICES)
|
