Interest Rate on Deposit

INTEREST RATES ON TERM DEPOSITS w.e.f. 01.06.2024.
Sr. No	Fixed / Term Deposit Period	STD / FDR / MUC. (Monthly / Quarterly Interrest Payout)		DD / KTY / RD (Cumulative Deposits)
Sr. No	Fixed / Term Deposit Period	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	Annualised Yield
1	7 Days – 45 Days	3.50%	4.00%	—	—	—
2	46 Days – 179 Days	5.50%	6.00%	—	—	—
3	180 Days – 210 Days	6.25%	6.75%	—	—	—
4	211 Days – 365 Days	6.50%	7.00%	—	—	—
5	Above 1 Year – Up to 2 Years	6.80%	7.30%	6.80%	7.30%	7.50%
6	Above 2 Years – Upto 3 Years	7.00%	7.50%	7.00%	7.50%	8.32%
7	Above 3 Years – Upto 5 Years	6.75%	7.25%	6.75%	7.25%	8.65%
8	Above 5 Years	6.50%	7.50%	6.50%	7.50%	8.32%

(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 :

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

Interest Rate on Deposit

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