Interest rate on Deposits effective from August 01, 2018

Product Name Period of Deposit Effective % rate of interest(per annum)
SAVINGS BANK 4
PREMIUM SAVINGS BANK ACCOUNT 5
SAMRUDDHI WEEKLY DEPOSIT (SWD) 4
FREEDOM RECURRING DEPOSIT (FRD) 5
SAMRUDDHI DAILY DEPOSIT (SDD) 400 days 5.5
700 days 6.5
900 days 7
FIXED DEPOSITS & RECURRING DEPOSITS 16-30 days 5.5
31-90 days 6.5
91-180 days 6.75
181- 365 days (excluding 270 days scheme ) 7.5
Above 1 Year and up to 2 Years (excluding 400 days scheme ) 8
Above 2 Year and up to 3 Years 7.75
Above 3 Year and up to 10 Years 7.5
AKSHAYA 270 days 7.75% (8.50% for Senior Citizens)
SUVARNA 400 days 8.25% (9.00% for Senior Citizens)

0.75 % extra for Senior Citizens and 1 % extra for staff.

Single Deposits of Rs. 1 Crore and above shall be accepted at differential rates with the prior approvalof MD / CFO.

Pre-mature penalty on term deposit will be charged at 1% on the interest rate applicable on actual period of savings.