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we are in > Interest Rates
 
 

The Interest Rates on Domestic Term Deposits have been revised as under with effect from 10th August 2009.

 
 
Duration
Existing
Revised
 15 days - 30 days
4.00%
4.00%
 31 days - 90 days
5.00%
5.00%
 91 days - 180 days
6.25%
6.25%
 181 days upto 1 year
7.25%
7.00%
 Above 1 year upto
 2 years
8.00%
7.50%
 Above 2 years upto
 3 years
8.25%
8.00%
 Above 3 years upto
 5 years
8.25%
8.25%
 Above 5 years upto
 8 years
9.00%
8.50%
 Above 8 years upto
 10 years
-
8.75%
 
     
 

The above rates are applicable to fresh deposits and renewals of maturing deposits. There will be additional rate of 1% for Senior Citizens of 60 years and above on all the above maturity period subject to production of proof of age.

Additional 1% of interest rate is paid to the staff on the above rates. Interest to be charged on premature withdrawal of Term Deposits at 1% below the rate applicable for the period deposit has remained with the Bank.

 
     
   
   
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