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REVISION OF INTEREST RATES ON DEPOSITS

	Existing		Revised W.E.F. 16.08.2022
Period of Deposit	Below Rs.50 lakhs (effective from 01/05/2020)	Rs.50 lakhs and above (effective from 01/05/2020)	Below Rs.50 lakhs	Rs.50 lakhs and above
7 to 14 days	3.50% p.a.	2.90% p.a.	3.50% p.a.	2.90% p.a.
15 to 30 days	3.50% p.a.	3.00% p.a.	3.50% p.a.	3.00% p.a.
31 to 60 days	3.50% p.a.	3.10% p.a.	3.50% p.a.	3.10% p.a.
61 to 179 days	4.75% p.a.	3.65% p.a.	4.75% p.a.	3.65% p.a.
180 days to 364 days	5.75% p.a.	4.40% p.a.	5.95% p.a.	5.15% p.a.
1 year to lessthan 2 years	5.75% p.a.	4.90% p.a.	5.95% p.a.	5.65% p.a.
2 year to less than 3 years	5.60% p.a.	4.90% p.a.	5.80% p.a.	5.65% p.a
3 year to lessthan 5 years	5.65% p.a.	4.90% p.a.	5.85% p.a.	5.65% p.a
5 years to 10years	5.75% p.a.	4.90% p.a.	5.95% p.a.	5.65% p.a

Note:

For NRE deposits minimum tenure would be 12
Senior citizens will get 0.50% additional interest for more than one year term deposits.
All the staff will get 1.00% additional interest on all deposits.

Retired senior citizen staff will get 1.50% additional interest on all deposits.
Acceptance of deposits of Rs.50 lakhs and above is at the discretion of the Bank and branches have to get prior permission from Treasury department, HeadOffice through respective

Splitting of deposits from an individual customer to accommodate them under Retail customers and pay higher rate is strictly not allowed.
The terms and conditions for acceptance of bulk deposits as instructed vide above referred circular remain in

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