RATE
OF INTEREST ON TERM DEPOSITS
(W.
E. F. 20-05-2006)
| PERIOD |
RATE
OF INTEREST |
| Upto
Rs . 15 Lakhs |
Over
Rs. 15 Lakhs |
|
General |
Senior
Citizens |
General |
Senior
Citizens |
7
days - 14 days
(Minimum deposit 1 Lakh) |
4.00% |
5.00% |
4.25% |
5.25% |
15 days - 30 days
(Minimum deposit 1 Lakh) |
5.50% |
6.50% |
5.50% |
6.50% |
|
31 days - 90 days |
5.75% |
6.75% |
6.00% |
7.00% |
| 91
days - 180 days |
6.25% |
7.25% |
6.50% |
7.50% |
| 181
days upto
1 year |
6.75% |
7.75% |
7.00% |
8.00% |
| Above
1 year upto 2 years |
7.25% |
8.25% |
7.50% |
8.50% |
|
Above
2 years upto 3 years |
7.50% |
8.50% |
8.00% |
9.00% |
|
Above 3 years |
8.00% |
9.00% |
8.25% |
9.25% |
| |
|
|
|
|
Note:
The above rates are applicable to fresh deposits and renewals of maturing
deposits.
FIXED
DEPOSIT ACCOUNTS
This scheme will enable the depositor to fund his liquid cash
for period of time enabling him to get attractive income.This
account can be opened by an individual, by a guardian on behalf
of the Minor, Partnership Associations,Trusts, Associations, Societies
and Corporate bodies.
|
KHUSHAL
DEPOSIT ACCOUNTS
This is an
interesting scheme which facilitates reinvesting the interest
earned over a period of time and also ensures the liquidity.Interest
is compounded and calculated on quarterly basis and added to original
deposit. This account can be opened by individuals, by a guardian
on behalf of the Minor, Trusts, Associations, Societies and companies
for a maximum period of ten years.
|
CUMULATIVE
DEPOSIT ACCOUNTS
This scheme ideally suits monthly savings may be in small accounts
but resulting in big accumulation of funds over the period of
time.This account can be opened by an individual, by a guardian
on behalf of the Minor, Trusts, Associations, Societies and companies
for a maximum period of ten years.
|
ROZAN
BACHATH DEPOSITS
This scheme is aimed at savings on a daily basis from small amount
such as Rs. 50/- which is collected at the door step of depositor.
This account can be opened by an individual, firm and partnership
to have a savings generated from daily income subject to maximum
Rs.1000/- a day.
|
SAVINGS
BANK ACCOUNTS
Savings Bank Accounts provides the scope for saving of money at
attractive terms even with small amounts with a convenience of
withdrawing at your pleasure. This account can be opened by an
individual, jointly with another individual, by a guardian on
behalf of the Minor, Trusts, Associations and Societies.
|
CURRENT
ACCOUNTS
The Current Accounts are opened to meet needs of the business
community involving large transactions of business nature. This
Account can be opened by an individual, a firm, Partnership Associations,
Trusts, Societies and Companies. This account can be opened by
an individual, jointly with another individual, by a guardian
on behalf of the Minor, Trusts, Associations and Societies.
|
FLEXI
DEPOSITS
This scheme will enable the depositor / Investor to fund his liquid
cash for period of time enabling him to get attractive income
and also investment for a secured future. This account can be
opened by an individual, jointly with another individual, by a
guardian on behalf of the Minor, Non-resident individuals, Associations,Trusts
and Corporate bodies.
|
|