REVISION OF INTEREST RATES ON DEPOSITS
REVISION OF INTEREST RATES ON DEPOSITS
Revised ROI On Deposits-DOMESTIC/NRO/NRE-REVISION
(w.e.f. 30-08-2018)
|
S.No. |
Deposit period |
% Rate of Interest |
| 1. | 7 to 14 days | 6.15 |
|
2. |
15 to 45 days |
6.15 |
|
3. |
46 to 90 days |
6.90 |
|
4. |
91 days to 179 days |
6.95 |
|
5. |
180 days to 210 days |
7.00 |
| 6. | 211 days to 364 days | 7.50 |
| 7. | VIKAS -12(EXACTLY 1 YEAR) | 7.50 |
|
8. |
1 year to less than 2 years |
7.10 |
|
9. |
2 years to less than 3 years |
7.00 |
|
10. |
3 years to less than 5 years |
6.60 |
|
11. |
5 years to 10 years |
6.60 |
Savings Bank A/c Balance up to 15.00lakhs: 3.5% Per Annum.(w.e.f-19-11-2017)
Savings Bank A/c Balance above 15.00lakhs: 4.0% Per Annum (w.e.f-19-11-2017)
Interest rates on our Special Deposit Products
|
S.No |
Special Deposit Product |
Scheme Duration |
Principal amount/Unit Amount (Rs) |
Revised Rate from 23.05.2018 |
Maturity Value (Amount in Rs) |
||
|
General Public |
Senior Citizen |
General Public |
Senior Citizen |
||||
|
1 |
Vikas 18 |
18 Months |
Rs.18000/- (In multiples) |
7.10 |
7.60 |
- |
- |
|
2 |
VikasDhanaVarsha |
Less than 36 Months |
Rs.1,00,000/- (in Multiples) maximum upto Rs.5,00,000/- |
7.00 |
7.50 |
Maturity should be based on term length |
Maturity should be based on term length |
|
3 |
Vikas 51 |
60 months |
Rs.51000/- |
6.60 |
7.10 |
70749 |
72509 |
|
4 |
VikasPatra |
36 months |
Rs.800/- (Multiples) |
6.60 |
7.10 |
974 |
988 |
Pre-closer penalty of term deposits:
a) Interest to be charged on premature withdrawal of term deposits is at 0.50% below the rate applicable for the period of deposit has run with the bank, as on date of premature withdrawal.
b) These instructions are also applicable for premature withdrawal of existing term deposits.
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SPECIAL DEPOSIT PRODUCTS |
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Sl .No |
Product |
Term |
Prinicipal/ Unit Amount |
Revised Rate of Interest (% per annum) |
Maturity (Amount in Rs) |
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|
General Public |
Senior Citizen |
Staff |
Staff Senior Citizen |
General Public |
Senior Citizen |
Staff |
Staff Senior Citizen |
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1 |
Vikas 18 |
18 Months |
Rs 18000/- (In Multiples) |
7.75 |
8.25 |
8.75 |
9.25 |
20197.00 |
20346.00 |
20496.00 |
20646.00 |
|
2 |
Vikas Dhanavarsha |
less than 36 Months |
Rs.1,00,000/- (in multiples) (maximum upto Rs.5,00,000/-) |
7.75 |
8.25 |
8.75 |
9.25 |
Maturity should be based on term length |
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3 |
Vikas - 51 |
60 Months |
Rs 51000/- |
7.25 |
7.75 |
8.25 |
8.75 |
73045.00 |
74860.00 |
76717.00 |
78619.00 |
|
4 |
Vikas Patra |
36 Months |
Rs 800/- (In Multiples) |
7.50 |
8.00 |
8.50 |
9.00 |
1000.00 |
1015.00 |
1030.00 |
1045.00 |
|
5 |
Vikas Double |
117 Months |
Rs 25000/- (In Multiples) |
7.25 |
7.75 |
8.25 |
8.75 |
50371 |
52840 |
55427 |
58137 |
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