Interest Rate on Deposit

INTEREST RATES ON TERM DEPOSITS w.e.f. 19.05.2025.
Sr. No Period / Bucket
For General Public & Deposit Amount For Co-Operative Societies, Senior Citizens (Age 60 & above). Banks Staff/Ex-Staff Members For General Public & Deposit Amount For Co-Operative Societies, Senior Citizens (Age 60 & above). Banks Staff/Ex-Staff Members
1 Saving Deposit

Kishor Bachat / Basic Saving / Staff Saving

2.75% 2.75%
2 Fixed Deposit STR / FDR / MUC. (Monthly / Quarterly Interrest Payout) DD / KTY / RD (Cumulative Deposits)
I 7 Days – 14 Days 4.00% 4.00%
II 15 Days – 45 Days 4.25% 4.25%
III 46 Days – 90 Days 5.00% 5.25%   —
IV 91 Days – 180 Days 5.75% 6.25%                 —
V 181 Days – 364 Days 6.50% 7.00%                 —
VI 365 Days  to 2 Years 7.25% 7.75% 7.00%

(Yield 7.45%)

7.50%

(Yield 8.01%)

VII Above 2 Years – Upto 3 Years 7.50% 8.00% 7.25%

(Yield 8.02%)

7.75%

(Yield 8.63%)

VIII Above 3 Years – Upto 5 Years 7.00% 7.50% 6.75%

(Yield 7.95%)

7.25%

(Yield 8.65%)

IX Above 5 Years 6.75% 7.25% 6.50%

(Yield 7.87%)

7.00%

(Yield 8.67%)

(Note: Interest Rtaes Revised in the 2 Buckets i.e.180 Days onwards to 365 days only)

Presently Bank also offer Non-Callable Bulk Deposit “JAOLI SARVOTTAM DEPOSIT SCHEME FOR THE TENURE OF 1 Year & 2 Years with the ATTRACTIVE INTEREST RATES i.e. @ 7.10% p.a. (annualized yield 7.29%) to the General Public and 7.40% p.a. (annualized yield 7.61%) to Co-operative societies, Senior Citizens (Age 60 & above), Bank’s Staff / Ex-Staff Members for the tenure of 1 year & @7.60% p.a. (Annualized yield 7.82%) a to the General Public and 7.90% p.a. (annualized yield 8.14%) to Co-Operative Societies, Senior Citizens (Age 60 & above), Bank’s Staff/Ex-Staff Members for the Tenure of 2 years.

Both the above said Scheme will be valid till 30 th September, 2024.

“Branches are hereby advised to market the above stated Revised Interest Rates on Term Deposits and endeavor to mobilize maximum deposits from the specified categories.

Note :

  1. The revised Interest Rates on Term Deposits will be applicable to fresh deposits & the existing Deposits on the date of renewals.
  2. Monthly / Quarterly Interest Payout should strictly be observed on the basis of Discounting Factor.
  3. Premature Closure shall apply penalty less 1.00 % Interest rate for the tenure.