Interest on Deposits

The manaement of the bank decided to change rates of interest payable on deposits as under with effect from 03rd September, 2019.

Sr.   Tenure   Rate of Interest 
General
Public
Senior
Citizens
Single deposits of
Rs. 15 lakh or more for all
01 07 Days to 14 Days 4.00% 4.00% 4.00%
02 15 Days to 90 Days 4.25% 4.25% 4.25%
03 91 Days to 180 Days 5.75% 5.75% 5.75%
04 181 Days to 364 Days 7.00% 7.00% 7.00%
05 01 Year t0 03 Year 7.50% 8.00% 8.00%
06 More than 03 Year to 05 Year 7.00% 7.50% 7.00%
06 Saving Deposits 4.00% 4.00% ------
  • 0.50% more for Senior Citizens on deposits of one year or of more tenure.
  • 0.50% more on a single bulk deposit of Rs. 15 lakh and more for 01 year to 03 years.
  • No double benefits of the rate of interest is permissible.

Latest News

 21, Mar, 2016

We hereby revise them w.e.f 3rd September 2019.
Read More...


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