Interest rate on Deposits effective from January 03, 2017
|Product Name||Period of Deposit||Interest Rate (p.a)|
|Premium Savings Bank Account||6.00||5.00|
|Samruddhi Weekly Deposit (SWD)||4.00||4.00|
|Freedom Recurring Deposit (FRD)||5.00||5.00|
|Samruddhi Daily Deposit (SDD)||400 days||5.50||5.50|
|Fixed Deposits & Recurring Deposits||16-30 days||5.50||5.50|
|181- 365 days||7.50||7.00|
|Above 1 Year and up to 2 Years||8.00||7.50|
|Above 2 Year and up to 3 Years||8.15||7.50|
|Above 3 Year and up to 7 Years||8.15||8.00|
Minimum period for Recurring deposits is 6 months.
Fresh deposits opened on or after January 03, 2017 shall carry revised rates.
0.5% 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 approval of MD/CFO.
Pre-mature penalty on term deposit will be charged at 1% on the interest rate applicable on actual period of savings.