Deposit Interest Rate

Sr. No.Type of DepositsExisting Rate of Interest w.e.f. 27-09-2022Revised Rate of Interest w.e.f. 25-11-2022
1 Savings Deposit
Savings Deposit2.70%3.00%
PF AccountAs per Govt.As per Govt.
2 Fixed Deposit &  Recurring Deposit
15 days to 29 days3.00%3.75%
30 days to 45 days3.25%4.00%
46 days to 90 days4.00%4.75%
91 days to 179 days4.40%4.75%
180 days but less than 1 year5.10%5.70%
1 year but less than 2 years6.00%6.50%
2 years but less than 3 years6.10%6.70%
3 years and above6.15%6.90%

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 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 25-11-2022
e.There will be charge penal interest @1%p.a on premature withdrawal on term deposit.
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