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Interest Rates - Revised Interest Rates w.e.f 24.11.2016

The Revised Interest Rates on Term Deposits with effect fromĀ 24.11.2016


Sl. No.

Period

Existing Interest Rates

Revised Interest Rates w.e.f. 24.11.2016

1

7 days to 14 days

6.00%

5.75%

2

15 days to 45 days

6.00%

6.25%

3

46 days to 90 days

6.75%

6.50%

4

91 days to 179 days

7.00%

6.75%

5

180 days to 210 days

7.25%

7.00%

6

211 days to below 1 year

7.50%

7.15%

7

1 year to less than 2 years

7.75%

7.25%

8

2 years to less than 3 years

7.75%

7.25%

9

3 years to below 5 years

7.50%

7.00%

10

5 years to below 10 years

7.25%

6.75%



1)

The above rates are applicable for NRE deposits also.

2)

Staff will get an additional interest rate of 1.00% over the card rate.

3)

Senior citizens will get an additional interest rate of 0.50% over card rate for 1 year and above Deposits.

4)

Our Banks Retired Staff, on Superannuation, will get 1.00% p.a. additional interest on all deposits and also 0.50% p.a. as senior citizens.

5)

Revised rates on deposit are applicable on new deposits and also for the existing deposits on their renewal.