Interest rate on Deposits effective from August 01, 2018
|Product Name||Period of Deposit||Effective % rate of interest(per annum)|
|PREMIUM SAVINGS BANK ACCOUNT||5|
|SAMRUDDHI WEEKLY DEPOSIT (SWD)||4|
|FREEDOM RECURRING DEPOSIT (FRD)||5|
|SAMRUDDHI DAILY DEPOSIT (SDD)||400 days||5.5|
|FIXED DEPOSITS & RECURRING DEPOSITS||16-30 days||5.5|
|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||8.25% ( 9.00% for Senior Citizens )|
|SUVARNA||400 days||8.30% ( 9.05% 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.