It has been decided in the Board meeting held on 25-04-2018 to revise Deposit rate of interest as follow : -


DEPOSITS w.e.f. 02-05-2018 w.e.f. 14-05-2018
EXISTING REVISED
Savings Bank A/c 4.00% 4.00%
TERM DEPOSITS
From 15 days to 45 days 4.00% 4.00%
From 46 days to 90 days 5.50% 5.50%
From 91 days to 180 days 6.25% 6.25%
From 181 days to 1 years 6.50% 6.50%
Above 1 years to 3 years 7.25% 7.00%
Above 3 years to 5 years 7.25% 7.00%
Above 5 years to 10 years 6.75% 6.75%

Note : -

  • 1) 0.50% extra for Minor girls, Senior Citizens, Charitable trust, Educational Institutions, Religious Trust etc.
  • 2) No deduction in interest in case of premature payment/renewal of FDR. Interest may be paid as applicable.
  • 3) In case of i) Premature payment – Cash if paid will be as per I.T. rules or otherwise amount will be credited in the account. ii) Renewal of overdue FDR - Interest at Savings Bank rate may be paid.
  • 4) The revised rates shall apply only to fresh deposits and on renewal of existing deposits. These rates are subject to revision from time to time.
  • 5) Please also refer to terms & conditions, of (1) H.O. Cir. No.13 dt. 09-10-2015 regarding rate of interest on term deposit, of & (2) H.O. Cir. No.28 dt. 23.08.2016 regarding payment of Interest on term deposits maturing on holidays, other terms & conditions will remain the same.
Sd./-
C.E.O. (Officiating)