The Interest Rates on Domestic Term Deposits "Below Rupees One Crore" have been revised as under with effect from 8th June, 2012.
Duration
Existing
Revised
15 days to 90 days
6.25%
6.25%
91 days to 180 days
7.25%
7.75%
181 days upto 1 year
7.50%
7.75%
Above 1 year upto 2 years
8.75%
9.25%
Above 2 years upto 3 years
9.00%
9.25%
Above 3 years upto 5 years
8.25%
9.25%
Above 5 years upto 8 years
8.50%
9.25%
Above 8 years upto 10 years
8.75%
9.25%
The Interest Rates on Domestic Term Deposits "Rupees One Crore and Above" have been revised as under with effect from 8th June, 2012.
Duration
Existing
Revised
91 days to 1 year
8.00%
9.00%
Above 1 year upto 10 years
9.00%
9.50%
The above rates are applicable to fresh deposits and renewals of maturing deposits. There will be additional rate of 1% for Senior Citizens of 60 years and above on all the above maturity period subject to production of proof of age.
Additional 1% of interest rate is paid to the staff on the above rates. Interest to be charged on premature withdrawal of Term Deposits at 1% below the rate applicable for the period deposit has remained with the Bank.
However the interest rate on SB deposits remains the same at 4.00% p.a.
