Toll Free No : 1800 425 7900     Bank Mitra Toll Free No : 1800 425 2274     ATM Toll Free No : 1800 3000 0620/1800-123-6230     Missed Call Alert : 9289222024

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) The interest shall be 1% below the rate of applicable at the time of deposit for the period Deposit remained with the bank or 1% below the contracted rate, whichever is lower.

b) These instructions are also applicable for premature withdrawal of existing term deposits.

 


 

 

 

 

 

 

SPECIAL DEPOSIT PRODUCTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sl .No

Product

Term

Prinicipal/     Unit Amount

Revised Rate of Interest (% per annum)

Maturity (Amount in Rs)                                                      

General Public

Senior Citizen

Staff

Staff Senior Citizen

General Public

Senior Citizen

Staff

Staff Senior Citizen

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

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

Our Latest News
Important Links
CUSTOMER SUPPORT
Important Policy Documents
Find your Nearest Branch
Our Branches