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Deposit Interest
 

Interest rates on fixed deposits with effect from 01-01-2017

(Applicable to Individuals and Co-operatives)

PARTICULARS

ORDINARY FIXED DEPOSIT RATES  *

Period

Societies

Individuals

Sr.citizen

Rtd. Staff

(EDCB)


30 days to 45 days

 

6.50%


6.25%


6.25%


7.25%

46 days to 90 days

7.50%

7.25%

7.25%

8.25%

91 days to 179 days

8.00%

7.75%

7.75%

8.75%

180 days to less than 1 year

8.50%

8.25%

8.25%

9.25%

1 Year and above below 2 Year

9.00%

8.75%

9.25%

9.75%

2 Year and above

8.75%

8.50%

9.00%

9.50%






* The above rates are applicable for deposits upto Rupees One Crore. Rate will vary for deposits above rupees One Crore.

PARTICULARS


CUMULATIVE DEPOSIT RATES *

Period

Individuals

Sr. Citizen

Staff & Rtd. Staff

Sr. Citi among Rtd. staff

1 Year and above below 2 years

2 Years and above

8.75%

8.50%

8.75%

8.50%

8.75%

8.50%

8.75%

8.50%

* The above rates are applicable for Deposits upto rupees One Crore. Rate will vary for deposits above rupees One Crore.

PARTICLARS

RECURRING DEPOSITS

Period

Societies

Individuals

Sr.citizen

Rtd. Staff

1 Year and above below 2 Years

2 Years and above

8.75%

8.50%

8.75%

8.50%

8.75%

8.50%

8.75%

8.50%

*Conditions Apply

  • For Deposits Exceeding Rs.15 Lakhs the interest rate will be decided by the ALCO of the Bank on Daily Basis.
  • Maximum period of ordinary fixed deposits will be 120 months. Maximum period of Cumulative deposits & Recurring deposits shall be 60 months and 84 months respectively.Maximum period of Samrudhi Recurring Deposit Scheme is 120 months.
  • Savings Bank account interest rate is 4% p.a. on daily balance.
  • Sr. Citizen- Person who have completed 60 years of age.
  • Proof of age either of the following documents can be relied on.

SSLC Book, Passport, Pension payment order, LIC policy, Voters identity card.

 
 
 
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