Interest Rate on Deposit

New Int. Rate W.E.F. 13.06.2022
Sr. No Type of Dep./ Period Ordinary A/c holder’s, All Regd.Co.op.Society 1) Senior citizen (60 year & above) Ordinary A/c holder’s,All Regd.Co.op.Society 1) Senior citizen (60 year & above)
2) Individual A/c Holder & Co-operative Soc. Placing Deposit Of Rs.15.00 Lakhs & Above 2) Individual A/c Holder & Co-operative Soc. Placing Deposit Of Rs.15.00 Lakhs & Above
3) Staff/Ex.Staff 3) Staff/Ex.Staff
1 Saving Deposit 3.00% 3.00%                 —
Kishor Bhachat Thev Yojana
Basic Saving Deposit A/c
Sr. No Fixed / Term Deposit Period STD / FDR / MUC. (Monthly / Quarterly Interrest Payout) DD / KTY / RD (Cumulative Deposits)
For General Public & Deposit Amount Below Rs. 15.00 Lakhs For Co-Operative Societies, Senior Citizens (Age 60 & above). Banks Staff/Ex-Staff Members & Bulk Deposits Rs. 15.00 Lakhs & Above For General Public & Deposit Amount Below Rs. 15.00 Lakhs For Co-Operative Societies, Senior Citizens (Age 60 & above). Banks Staff/Ex-Staff Members & Bulk Deposits Rs. 15.00 Lakhs & Above
1 15 Days – 45 Days 3.25% 3.25%                 —
2 46 Days – 90 Days 3.50% 3.50%                 —
3 91 Days – 180 Days 4.25% 4.50%                 —
4 181 Days – 1 Year 4.75% 5.00%                 —
5 Above 1 Year – Upto 2 Years 5.75% 6.25% 5.50% 6.00%
6 Above 2 Years – Upto 3 Years 6.00% 6.50% 5.75% 6.25%
7 Above 3 Years – Upto 5 Years 6.50% 7.00% 6.25% 6.75%
8 Above 5 Years 6.60% 6.75% 6.50% 6.65%

Branches are hereby advice to market the bank’s Deposit Schemes and endeavor to mobilize deposits on the basis of revised Interest Rates.

Note :

  1. The revised Interest Rates on Term Deposits will be applicable to fresh deposit & the existing deposition on the date of renewals.
  2. Monthly / Quarterly Interest Payout should strictly be observed on the basis of Discounting Factor.

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