Interest Rates

Savings Bank Deposit Account: savings bank Account interest for public:3.00% per annum from 01.01.2025

The revised interest rates on Term Deposits will be as under w.e.f 02.01.2025

Sl No.	Period	Deposit Rate Upto 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	3.50%	3.10%
4	61 days to 179 days	4.75%	3.65%
5	180 days to 270 days	6.05%	5.30%
6	271 days to 364 days	6.05%	6.00%
7	1 year to less than 2 years	7.60%	7.35%
8	2 year to less than 3 years	7.05%	7.35%
9	3 years to less than 5 years	7.00%	7.35%
10	5 year to 10 years	6.75%	7.35%

Note:
All existing special deposit schemes (399days, 777 days, 1111 days, 1555 days, 2425 days) are withdrawn

Existing benefits of additional ROI for Sr.Citizen (0.50%), Staff (1%) and staff Sr.Citizens(1.50%) to be continued as per existing norms. As there are no special schemes, an additional interest rate of 0.60% for Super Sr. Citizens does not exist.

For Bulk deposit (Rs.1.00 Cr and above (not-split)) deposits, it was decided to offer competitive rates which would be quoted based on liquidity position and upon approval of HOMC –II committee of the bank.

Revised rates on deposit are applicable on new deposits and also for the existing deposits on their renewal.

Branches are advised to take advantage of the same and campaign aggressively to ensure better growth in deposits in the months to come. Branches are advised to note the change in interest rates and display the revised rates of interest prominently in the banking hall for the information of public/ customers.

Please Contact Your Branch for further details.

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.

Deposit Interest Rates