Deposit interest rate
Rate of interest on Fixed Deposit Scheme Code (3)
| EXISTING | Revised | |
| No of days and years | W.E.F. 02.03.2023 | W.E.F. 01.01.2024 |
| 30 Days To 179 Days | 5.75 | 5.75 |
| 180 Days to less than 1 year | 7.00 | 7.00 |
| One Year to less than 15 months | 7.60 | 7.60 |
| 15 months | 7.60 | 8.00 |
| Above 15 months to 3 years | 7.60 | 7.60 |
| Above 3 years | 7.00 | 7.00 |
- 0.50% extra for senior citizens deposits.
RATE OF INTEREST ON TERM DEPOSITS & SB A/c.
[Other than Fixed Deposit bearing Scheme Code (3)]
| EXISTING | Revised | |
| W.E.F. 01.11.2020 | W.E.F. 01.01.2024 | |
| 30 Days To 179 Days | 5.75 | 5.75 |
| 180 Days to less than 1 year | 6.25 | 6.25 |
| One Year to less than 15 months | 6.75 | 6.75 |
| 15 months | 6.75 | 8.00 |
| More than 15 months | 6.75 | 6.75 |
| Savings Bank A/c | 3.00 | 3.00 |
- Note : 0.50% EXTRA FOR SENIOR CITIZENS DEPOSIT
Rate of interest on Fixed Deposit Scheme Code (3)
| Scheme | Investment Amount ₹ |
Period | Rate of Interest |
Maturity Amount |
|
| 1. | Urban Lakhapati Deposit |
58,000/- one time or its multiples. |
84 months | 8% | 1,00,979/- |
| 2. | Vidhyashree Yojane |
888/- per month or its multiples. |
84 months | 8% | 1,00,020/- |
| 3. | Quasquicentennial Deposit |
98,800/- one time or its multiples. |
9 Years | 8% | 2,01,541/- |
- Note : NO SENIOR CITIZENS BENEFIT FOR THE SPECIAL DEPOSIT SCHEMES.
1.ADDITIONAL INTEREST FOR BULK DEPOSITS.(for amount One Crore & above 8.25%(General) & 8.75%(Senior Citizen) for 15 months period..
2.Interest on matured deposit paid as per Savings Bank rate on Deposit Amount.
3.Premature for Special Deposit schemes carries SB rate of interest irrespective of
period.
4.TDS applicable as per norms. (Maturity value is subject to TDS)