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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. 10.02.2024

1

Upto Rs 10 Crores

2.80 % p.a

2

above Rs 10 Crores to <=100 Crores

3.00 % p.a

3 above Rs 100 Crores to <=1000 Crores 3.10 % p.a

4

Above 1000 Crores

3.25 % p.a

 DOMESTIC TERM DEPOSIT INTEREST RATES % PER ANNUM W.E.F 10.06.2024 

Maturity Period

Rates for Deposits less than Rs. 3 Crore

General Public

Senior Citizen

Rates w.e.f. 10.06.2024

Annualised yield

Rates w.e.f. 10.06.2024

Annualised yield

7 -14 days

3.50%

3.50%

4.00%

4.00%

15 – 30 days

3.75%

3.75%

4.25%

4.25%

31 - 45 days

3.75%

3.75%

4.25%

4.25%

46 – 59 days

4.50%

4.50%

5.00%

5.00%

60 – 90 days

4.75%

4.75%

5.25%

5.25%

91 – 179 days

5.00%

5.00%

5.50%

5.50%

180 – 270 days

6.00%

6.14%

6.50%

6.66%

271 – 364 days

6.25%

6.40%

6.75%

6.92%

1 yr  to less than 2 yrs

6.85%

7.03%

7.35%

7.56%

2 yr to less than 3 years

7.00%

7.19%

7.50%

7.71%

3 yr to less than 5 years

6.50%

6.66%

7.00%

7.19%

5 years & above upto 10 years

6.50%

6.66%

7.00%

7.19%

Maturity Period

Rates for Deposits Rs. 3 Cr to Rs. 10 Cr

General Public

Senior Citizen

Rates w.e.f. 10.06.2024

Annualised yield

Rates w.e.f. 10.06.2024

Annualised yield

7 -14 days

5.00%

5.00%

5.50%

5.50%

15 – 30 days

5.00%

5.00%

5.50%

5.50%

31 - 45 days

5.50%

5.50%

6.00%

6.00%

46 – 59 days

5.75%

5.75%

6.25%

6.25%

60 – 90 days

5.00%

5.00%

5.50%

5.50%

91 – 179 days

6.00%

6.00%

6.50%

6.50%

180 – 270 days

6.50%

6.66%

7.00%

7.19%

271 – 364 days

6.75%

6.92%

7.25%

7.45%

1 yr  to less than 2 yrs

7.00%

7.19%

7.50%

7.71%

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

5.75%

5.88%

6.25%

6.40%

SPECIAL TERM DEPOSIT INTEREST RATES % PER ANNUM

Callable

General Public

Senior Citizen

 Period (days)

Rates w.e.f. 10.06.2024

Annualised yield

Rates w.e.f. 10.06.2024

Annualised yield

444

7.30%

7.50%

7.80%

8.03%

Non-Callable

(Deposits above Rs 1Cr)

General Public

Senior Citizen

 Period (days)

Rates w.e.f. 10.06.2024

Annualised yield

Rates w.e.f. 10.06.2024

Annualised yield

444

7.45%

7.66%

7.95%

8.19%

   Callable

General Public

Senior Citizen

 Period (days)

ROI

Annualised yield

ROI

Annualised yield

555

7.25%

7.45%

7.75%

7.98%

999

6.50%

6.66%

7.00%

7.19%

Non-Callable (Deposits above Rs 1Cr)

General Public

Senior Citizen

 Period (days)

ROI

Annualised yield

ROI

Annualised yield

555

7.40%

7.61%

7.90%

8.14%

999

6.65%

6.82%

7.15%

7.34%

Cent Garima Deposit Scheme

 

General Public

Senior Citizen

 Period (days)

Existing Rates w.e.f 10.08.2023

Annualised yield

Existing Rates w.e.f 10.08.2023

Annualised yield

777

7.15%

7.34%

7.65%

7.87%

Period (days)

 

CENT GREEN DEPOSIT

General Public

Senior Citizen

Rates w.e.f. 10.06.2024

Annualised yield

Rates w.e.f. 10.06.2024

Annualised yield

1111

7.00%

7.19%

7.50%

7.71%

2222

7.00%

7.19%

7.50%

7.71%

3333

7.25%

7.45%

7.75%

7.98%

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.No Premature withdrawal is allowed for non callable deposits however under certain exception if pre mature withdrawal is allowed then deposit will be treated as Callable term deposit. other terms and conditions are applicable as per the existing deposit policy of the bank.

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.