Interest Rate
Savings Bank Account – 3.5%
DEPOSITS with effect from 17/03/2025
| Particulars |
General |
Senior Citizen |
| 31 Days to 90 Days |
5.00 % |
5.00 % |
| 91 Days to 180 Days |
5.50 % |
5.50 % |
| 181 Days to 365 Days |
7.00 % |
7.50 % |
| Above 1 Year to 2 Years |
7.50 % |
8.00 % |
| Above 2 Years to 3 Years |
8.00 % |
8.50 % |
| Above 3 Years to 5 Years |
7.75 % |
8.25 % |
| SPECIAL DEPOSIT |
General |
SENIOR/INSTITUTIONS |
| 31 DAYS TO 91 DAYS |
6.00 % |
6.50 % |
| (25 LAKSHS & ABOVE) |
|
|
| 15 MONTHS |
8.50 % |
9.00 % |
| (15 LAKSHS & ABOVE) |
|
|
Term Deposit Pay Out’s
| Fixed Deposit |
Interest pay-out scheme
(Monthly/Quarterly/Half yearly/Yearly) |
| Ashoka Kubera Yojana |
Interest compounded (Quarterly compounded) |
| Recurring Deposit |
Monthly Installment (Quarterly compounded) |
Note
- Interest payment is subject to TDS.
- According to the Income Tax Act, Section 62B (c) (j) of 1962, the PAN is mandatory for cash deposits of Rs.50,000/- & Above.
- Deposit holders need to submit form 15G/15H for interest crossing more than Rs.40,000/- & Rs.50,000/-Annually for General & Senior Citizens respectively or TDS will be deducted.
