ROI on FD
Rate of Interest on FD
In continuation of this office Letter no. Statts/2020-21/10389 dated 05.09.2020, Rate of interest on Deposits is revised w.e.f 21.11.2022 as under:
| Sr.
No. |
Type of deposits | Existing Rates (%) | Revised Rates (%)
|
| 1. | Saving
Bank Deposit |
3.00 | 3.00 |
| 2. | 15 days to
45 days |
3.40 | 3.75 |
| 3. | 46 days to
90 days |
3.45
|
4.75
|
| 4. | 91 days to
179 days |
4.25 | 5.00 |
| 5. | 6 months but less than 1 year | 5.25 | 5.75 |
| 6 | 1 year | 5.50 | 6.50 |
| Above 1 year to 2 year | 5.60 | 7.05 | |
| 7. | Above 2 year to
10 year |
5.60 | 7.10 |
| 8. | Saving Bank P.F. | 7.00 | 7.00 |
- This is in supersession of earlier all letters issued by the bank.
- These revised rates of interest on deposits will be applicable on fresh or renewal of existing deposit on maturity on or after 21.11.2022.
- 1% additional rate of interest shall be allowed on deposits, in the name of members or retired members of our’s bank’s staff either singly and jointly with any other member or member of his/her family subject to the declaration that the money belongs to him/them only.
- Extra 0.50% interest rate shall be allowed to the Senior Citizens on term deposit.
- Bank will levy a penalty of 1% (except our Bank Staff Deposits), on the applicable rate for deposits closed prematurely and No interest shall be paid if the deposit remains with the bank below 15 days on term-deposits in case of premature withdrawn.
- Interest can be paid through saving account on monthly basis on Fixed Deposit if desired by the customers.
- 0.50% extra interest will be paid on Single Term deposit of Rs. 50 Lacs & above for minimum period of