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REVISION OF INTEREST RATES ON DEPOSITS
REVISION OF INTEREST RATES ON DEPOSITS
Revised ROI On Deposits-DOMESTIC/NRO/NRE-REVISION
(w.e.f. 01-04-2019)
|
S.No. |
Deposit period |
% Rate of Interest |
% Rate Of Interest(Sr Citizens) |
| 1. | 7 to 14 days | 6.15 | 6.65 |
|
2. |
15 to 45 days |
6.15 |
6.65 |
|
3. |
46 to 90 days |
6.90 |
7.40 |
|
4. |
91 days to 179 days |
6.95 |
7.45 |
|
5. |
180 days to 210 days |
7.00 |
7.50 |
| 6. | 211 days to 364 days | 7.50 | 8.00 |
| 7. | VIKAS -12(EXACTLY 1 YEAR) | 7.50 | 8.00 |
|
8. |
1 year to less than 2 years |
7.10 |
7.60 |
|
9. |
2 years to less than 3 years |
7.00 |
7.50 |
|
10. |
3 years to less than 5 years |
6.60 |
7.10 |
|
11. |
5 years to 10 years |
6.60 |
7.10 |
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.
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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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