Interest rates on deposits with effective from May 01, 2021.

Nature of Deposits Period of Deposit Interest Rates
%
Savings Bank Accounts   3.00
Premium Savings Bank Accounts   3.00
Samruddhi Weekly Deposits (SWD) *   3.50
Samruddhi Daily Deposits (SDD) * 400 days 4.25
700 days @ 5.25
900 days @ 5.75
Fixed Deposits and Recurring Deposits * 16-30 days 4.25
31-90 days 5.25
91-180 days 6.00
181-365 days (Excluding 270 days scheme) 6.50
Above 1 year and up to 2 years (Excluding 400 days scheme) 7.00
Above 2 years and up to 3 years 6.50
Above 3 years and up to 10 years 6.25
Akshaya Deposits * 270 days 7.00
Suvarna Deposits * 400 days 7.05
KBS Dhana Vriddhi Deposits (DVD) * 1000 days 7.35
KBS Dwi-Dashabdi Deposits (DDD) * Double Dhamaka 7.50

Others

  • 1% extra interest for staff
  • (*) 1% extra 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.
  • There will not be any penalty for Pre-mature closure for staff deposits. The applicable ROI for the period run will be offered
  • (@) These two schemes have been withdrawn with effect from the date of this circular. Hence branches are advised not to mobilize any new accounts under these two products