Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

https://www.dicgc.org.in

Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

DICGC website

Interest rates on deposits with effective from 05-06-2025.

Nature of Deposits Period of Deposit Interest Rates
General Public Senior Citizens *
Savings Bank Accounts   3.00% 3.00%
Premium Savings Bank Accounts   3.00% 3.00%
Samruddhi Weekly Deposits (SWD)   3.50% 4.50%
Samruddhi Daily Deposits (SDD) 400 days 5.00% 6.00%
Fixed Deposits and 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 and up to 2 years 7.00% 8.00%
Above 2 years and up to 10 years 8.00% 9.00%
Samruddhi Amrit Kalash 777 days 8.15% 9.15%

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.