Interest Rate on Deposit

Home Savings Safe Accounts (HSS)/ Saving Accounts

Sr.No. Balance at End of the day Revised rate of interest w.e.f. 15.11.2022
1 Upto Rs 10 Crores 2.90 p.a
2 Above Rs 10 Crores 3.00 p.a

                                  DOMESTIC TERM DEPOSIT INTEREST RATES % PER ANNUM W.E.F 30.12.2022                                       
                                                          Rates for Deposits less than Rs. 2 Crore

 

 

 

 

 

Maturity Period

 

 

General Public

 

 

Senior Citizen


   Rates w.e.f.             30.12.2022


  Annualised              yield


      Rates w.e.f.             30.12.2022


            Annualised                                yield

7 - l4 days

3.00%

3.00%

3.50%

3.50%

15-30 days

3.25%

3.25%

3.75%

3.75%

31 - 45 days

3.25%

3.25%

3.75%

3.75%

46 -59 days

4.25%

4.25%

4.75%

4.75%

60 - 90 days

4.25%

4.25%

4.75%

4.75%

91 -179 days

4.50%

4.50%

5.00%

5.00%

180 -270 days

5.50%

5.61%

6.00%

6.14%

271-364 days

5.50%

5.61%

6.00%

6.14%

1 yr to less than 2 yrs

6.75%

6.92%

7.25%

7.45%

2 yr to less than 3 years

6.50%

6.66%

7.00%

7.19%

3 yr to less than 5 years

6.00%

6.14%

6.50%

6.66%

5 years & above upto 10 years

6.00%

6.14%

6.50%

6.66%

 

Rates for Deposits Rs. 2 Cr to Rs. 10 Cr

Maturity Period

General Public

Senior Citizen

Rates w.e.f. 30.12.2022

Annualised yield

Rates w.e.f. 30.12.2022

Annualised yield

7 -14 days

4.00%

4.00%

4.50%

4.50%

15 – 30 days

4.00%

4.00%

4.50%

4.50%

31 - 45 days

4.50%

4.50%

5.00%

5.00%

46 – 59 days

4.50%

4.50%

5.00%

5.00%

60 – 90 days

3.50%

3.50%

4.00%

4.00%

91 – 179 days

4.50%

4.50%

5.00%

5.00%

180 – 270 days

5.65%

5.77%

6.15%

6.29%

271 – 364 days

5.65%

5.77%

6.15%

6.29%

1 yr  to less than 2 yrs

6.50%

6.66%

7.00%

7.19%

2 yr to less than 3 years

6.00%

6.14%

6.50%

6.66%

3 yr to less than 5 years           5.50%              5.61%          6.00%            6.14%
5 years & above upto 10 years           5.50%              5.61%          6.00%            6.14%

                SPECIAL TERM DEPOSIT INTEREST RATES % PER ANNUM W.E.F 30.12.2022
           

Callable

General Public

Senior Citizen

 Period     (days)

Rates w.e.f. 30.12.2022

Annualised yield

Rates w.e.f. 30.12.2022

Annualised yield

   444                7.35%                 7.56%                 7.85%                      8.08%
   555                7.00%                 7.19%                 7.50%                      7.71%
   999                6.50%                 6.66%                 7.00%                      7.19%

Non-Callable

General Public

Senior Citizen

 Period (days)

Rates w.e.f. 30.12.2022

Annualised yield

Rates w.e.f. 30.12.2022

Annualised yield

444

7.60%

7.82%

8.10%

8.35%

555

7.25%

7.45%

7.75%

7.98%

999

6.75%

6.92%

7.25%

7.45%

Deposit Rates for above Rs.10 crore are available from Treasury Department CO
Note - 


1.An additional interest rate of 0.50% p.a. over and above the normal rate of interest for any of our Time Deposit Schemes & also for Tax Saver Depositors Scheme will be given as incentive for deposits of Senior Citizens who are above 60 years of age.

2.The deposits under non-callable scheme will attract additional rate of interest as below:Senior Citizen – 0.50%
Super Senior Citizen-1% (A super senior citizen is an individual resident who is 80 years or above)
Staff- 1%
Senior Citizen Staff- 1.50%
Ex staff super senior citizen – 2.00%

3.Penal interest at the rate of 1% will be charged on premature withdrawal of time deposits irrespective of the amount.

4.No penalty will be levied on premature renewal of deposits provided the deposits are renewed for a period longer than remaining period of the original contract.

5.Premature withdrawal can be permitted for non-callable deposits as well, however it will attract penalty of 2.5% on the applicable rate of interest for the running period of the deposit.

6.The revised rates shall also be applicable to Capital Gains Accounts Scheme, 1988.

7.
The revised interest rates shall be applicable to fresh deposits as well as on renewal of deposits.