Interest Rates (p.a.) on fixed Deposits WEF 14.12.2022
| Period Slab | Rates % Per Annum. |
|---|---|
| 14 Days to 45 Days | 3.50% % |
| 46 Days to 179Days | 4.50 % |
| 180 Days to 210 Days | 5.25 % |
| 211 Days to 364 Days | 5.75 % |
| 12 months and above - below 24 Months | 6.75 % |
| 24 Months and above below 36 Months | 6.75% |
| 36 Months and above - below 60 Months | 6.25% |
| 60 Months and above - below 120 Months | 6.25% |
| Saving Deposit Account Rate | 2.70% |
Deposits of 12 Months & above:
1. Additional Interest @ 0.50% p.a. (Instead of existing @ 0.25% p.a.) for Senior Citizens
(except Recurring Deposit).
2. (a) Bulk Deposit of Rs. 15.00 Lakh and above, and upto Rs.100.00 Lakh, additional
interest @ 0.15% p.a.
2. (b) Bulk Deposit over Rs. 100.00 Lakh, additional interest rate @ 0.25 % p.a. (Only single Benefit is available from 2(a) or 2(b) ).
C. No other additional interest to Registered Co-op. Societies, other than point number B2
(a) & (b), as mentioned above.
D. Auto Renewal Facility:
> Auto renewal facility for all deposits over 12 months, will be applicable from 01.05.2020.
> Auto renewal Period: Original contracted period of the deposit.
> Applicable rate of interest, as applicable on date of auto renewal for applicable
Deposit period.
E. Recurring Deposit:
> Minimum period for Recurring Deposit is 12 Months (in multiple of 3 Months).
> Same rates as above, are applicable for Recurring Deposit Accounts.
> No additional interest rate is applicable for Senior Citizen's Recurring Deposit Account.
> No Auto renewal is allowed for Recurring Deposit Accounts.
F. Before Maturity Penalty: For before maturity of any Term Deposit Accounts, 1.00% p.a. penalty is applicable for all tenor,
as per Bank's extant rule. The penal interest shall be 1.00% p.a. below the rate applicable at
the time of Deposits for the period of Deposit remained with the bank or 1.00% below the
contracted rate, whichever is lower. However, no interest will be paid on Deposits which
remain for a period of less than 14 days.