Deposit Interest Rate

Sr. No.Type of DepositsExisting Rate of Interest w.e.f. 25-11-2022Revised Rate of Interest w.e.f. 01-09-2023
1 Savings Deposit
Savings Deposit3.00%3.00%
PF AccountAs per Govt.As per Govt.
2 Fixed Deposit &  Recurring Deposit
15 days to 29 days3.75%3.75%
30 days to 45 days4.00%4.00%
46 days to 90 days4.75%4.75%
91 days to 179 days4.75%4.90%
180 days but less than 1 year5.70%5.80%
1 year but less than 2 years6.50%7.20%
2 years but less than 3 years6.70%7.20%
3 years and above6.15%7.25%


a.All rates are subject to revision from time to time.
b.The rate of interest on term deposit of Senior Citizen will be 00.50% P.A higher than the above said rates.
c.1% additional rate of interest on deposit of staff member/their association is allowed to be continued subject to the submission of undertaking/declaration.
d.The revised rate of interest on term deposit will be applicable only on fresh deposit and on renewal of existing deposit on maturity on/or after 01-09-2023
e.There will be charge penal interest @1%p.a on premature withdrawal on term deposit.