Interest rate on Deposits effective from 1st May 2020

  • 1% extra for Senior Citizens and 1% extra for staff
Product Name Period of Deposit Interest rate (p.a.)
Existing Card Rates ( %) Revised Rates w.e.f 1st May 2020 (%)
SAVINGS BANK   4.00 3.50
PREMIUM SAVINGS BANK ACCOUNT   5.00 3.50
SAMRUDDHI WEEKLY DEPOSIT (SWD)   4.00 4.00
FREEDOM RECURRING DEPOSIT (FRD)   5.00 5.00
SAMRUDDHI DAILY DEPOSIT (SDD) 400 days 5.50 5.00
700 days 6.50 6.00
900 days 7.00 6.50
FIXED DEPOSITS & RECURRING DEPOSITS 16-30 days 5.50 5.00
31-90 days 6.50 6.00
91-180 days 7.25 6.75
181- 365 days (excluding 270 days scheme) 7.50 7.00
Above 1 year and up to 2 Years (excluding 400 days scheme) 8.00 7.50
Above 2 year and up to 3 Years 7.75 7.25
Above 3 Years – up to 10 Years 7.50 7.00
AKSHAYA 270 days 8.25 (9.00% for Senior Citizens) 7.75 (8.75% for Senior Citizens)
SUVARNA 400 days 8.30 (9.05% for Senior Citizens) 7.80 (8.80 % for Senior Citizens)
  • Minimum period for Recurring deposits is 6 months
  • Single Deposits of Rs. 2 Crore and above shall be accepted at differential rates with the prior approval of MD/CFO
  • Pre-mature penalty on term deposit will be charged at 1% on the interest rate applicable on actual period of savings.