Recurring Deposit

The revised interest rates on Term Deposits will be as under: Revised Interest Rates w.e.f. 05.06.2025

Sl No.	Period	Deposit Rate Up to 1 Crore	Deposit Rate Above 1 Crore
1	7 days to 14 days	3.50%	2.90%
2	15 days to 30 days	3.50%	3.00%
3	31 days to 60 days	3.75%	3.10%
4	61 days to 179 days	5.00%	5.75%
5	180 days to 270 days	6.05%	6.00%
6	271 days to 364 days	6.30%	6.00%
7	1 year to less than 2 years	7.15%	6.50%
8	2 year to less than 3 years	6.75%	6.50%
9	3 years to less than 5 years	6.75%	6.50%
10	5 year to 10 years	6.55%	6.50%

*Accordingly, it is proposed to reduce the interest rate on the “RD- Nethanna Podhupu” Special scheme- mandated for a 24 month term from 7.35 % to 6.75% for Normal Citizen.

1	Rate of interest for the term deposits of Rs.1.00 Crore (including split deposits) and above (including renewals) will be decided at Head Office on day to day basis as per the Bank's Requirement.
2	The above rates are applicable for NRE & NRO deposits also.
3	Staff will get an additional interest of 1.00% over card rate.
4	Senior citizens will get an additional interest rate of 0.50% over card rate for 1 year and above term deposits only.
5	For Super senior citizen of age 80 years and above, special rate is applicable for the special schemes only .
6	Our Bank's Retired Staff, on Superannuation, will get an additional interest rate of 1.00% p.a. on all deposits and also 0.50% p.a. as senior citizens.
7	Revised rates on deposit are applicable on new deposits and also for the existing deposits on their renewal.

Please Contact Your Branch for further details.