Rate Of Interest
It has been decided to revise Deposit rate of interest as follow : -
| DEPOSITS | w.e.f. 19-12-2020 | w.e.f. 06-10-2021 | |
|---|---|---|---|
| EXISTING | REVISED | ||
| Savings Bank A/c | 3.5% | 3.25% | |
| Compulsory Deposit | 5.00% | 4.00% | |
| TERM DEPOSITS | Normal | Senior Citizen | |
| From 15 days to 45 days | 2.90% | 2.90% | 3.40% |
| From 46 days to 90 days | 3.90% | 3.90% | 4.40% |
| From 91 days to 180 days | 3.90% | 4.40% | 4.90% |
| From 181 days to 364 Days | 4.40% | 4.40% | 4.90% |
| Above 1 years to 2 years | 5.10% | 4.90% | 5.40% |
| Above 2 years to 3 years | 5.10% | 5.10% | 5.60% |
| Above 3 years to 5 years | 5.30% | 5.30% | 5.80% |
| Above 5 years to 10 years | 5.40% | 5.40% | 5.90% |
Note : -
- 1) 0.50% extra for Minor girls, Senior Citizens, Charitable trust, Educational Institutions, Religious Trust etc.
- 2) The Interest rate payable to Ramgarhia Co-operative Bank Ltd., Staff will be 1% above applicable rate.
- 3) 0.50% deduction in interest in case of premature payment. Interest may be paid as applicable.
- 4) 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. - 5) 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.
C.E.O.