Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC
DICGC website
Interest rates on deposits with effective from 21-10-2022.
| Nature of Deposits | Period of Deposit | Interest Rates | |
|---|---|---|---|
| General Public | Senior Citizens | ||
| Savings Bank Accounts | 3% | 3% | |
| Premium Savings Bank Accounts | 3% | 3% | |
| Samruddhi Weekly Deposits (SWD)* | 3.50% | 4.50% | |
| Samruddhi Daily Deposits (SDD)* | 400 days | 5% | 6% |
| Fixed Deposits & Recurring Deposits* | 16-30 days | 4.25% | 5.25% |
| 31-90 days | 5.25% | 6.25% | |
| 91-180 days | 6.25% | 7.25% | |
| 181-365 days | 6.50% | 7.50% | |
| Above 1 year & upto 2 years (Excluding 555 days scheme) |
7.25% | 8.25% | |
| Above 2 years & upto 3 years |
7.50% | 8.50% | |
| Above 3 years & upto 10 years |
8.50% | 9.50% | |
| Suvarna Samruddhi Deposits* | 555 days | 8.25% | 9.25% |
| KBS DhanaVriddhi Deposits (DVD)* | 1000 days | 8.35% | 9.35% |
| KBS Dwi-Dashabdi Deposits (DDD)* | Double Dhamaka | 8% | 9% |
| BHIMA (Non-Callable) FIXED DEPOSIT (NO PREMATURE WITHDRAWAL) | 2 Years and above up to 3 Years | 7.75% | 8.75% |
| Minimum Amount of Rs. 5 Lakhs (In multiple of Rs 5 thousand thereafter) Maximum Rs. 50 lakhs per CIF | 3 Years and above up to 10 Years | 8.90% | 9.90% |
Others:
- (*) 1% additional interest for Senior Citizens
- Minimum period for Recurring deposits is 6 months
- Pre-mature closure of term deposits attract penalty at 1% on the interest rate applicable on actual period of deposit run in the Bank
- Loan against deposits to general public attracts interest at 1% over the Card rate on deposits