Deposit Interest Rate

Sr. No.Type of DepositsExisting Rate of Interest w.e.f. 01-09-2020Revised Rate of Interest w.e.f. 09-12-2020
1 Savings Deposit
Savings Deposit3.00%2.70%
PF Account8.50%8.50%
2 Fixed Deposit &  Recurring Deposit
15 days to 29 days3.20%3.00%
30 days to 45 days3.50%3.15%
46 days to 90 days3.50%3.25%
91 days to 179 days4.50%3.75%
180 days but less than 1 year5.00%4.50%
1 year but less than 2 years5.40%5.00%
2 years but less than 3 years5.40%5.00%
3 years and above5 25%4.90%

Note:

a.All rates are subject to revision from time to time.
b.The rate of interest on term deposit of Senior Citizen will be .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 09-12-2020
e.There will be charge penal interest @1%p.a on premature withdrawal on term deposit.
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