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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. 01-07-2019)

Period of Deposit

General Public

Sr. Citizen

Staff

Retired staff on superannuation

7 to 14 days

6.15%

6.65%

7.15%

7.65%

15 to 45 days

6.15%

6.65%

7.15%

7.65%

46 to 90 days

6.90%

7.40%

7.90%

8.40%

91 to 179 days

6.95%

7.45%

7.95%

8.45%

180 days  to 210 days

7.00%

7.50%

8.00%

8.50%

211 days  to 364 days

7.50%

8.00%

8.50%

9.00%

VIKAS-12

7.50%

8.00%

8.50%

9.00%

VIKAS DHANAVARSHA - 444

7.77%

8.00%

8.77%

9.00%

1 year to less than 2 years

7.10%

7.60%

8.10%

8.60%

2 year to less than 3 years

7.00%

7.50%

8.00%

8.50%

3 year to less than 5 years

6.60%

7.10%

7.60%

8.10%

5 years to 10 years

6.60%

7.10%

7.60%

8.10%

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sl .No

Product

Term

Prinicipal/     Unit Amount

Revised Rate of Interest (% per annum)

Maturity (Amount in Rs)             &n

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