news and event
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RFP REF NO. WBSCB/TENDER/KASHINAGAR/Interior/1.1 dated 24/02/2022 for SELECTION of VENDOR for COMPOSITE WORK OF INTERIOR FURNISHING ALONG WITH CIVIL WORK, ELECTRICAL WORK, CCTV and HVAC WORK for our KASHINAGAR BRANCH
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CORRIGENDUM-3 : Postponement of RFP No. WBSCB/POS/1.1 dated 29.09.2021 for Procurement of Point-of-Sale Devices
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RFP REF NO. WBSCB/TENDER/Calendar/1.1 dated 10 /11/2021 for SELECTION of VENDOR for PRINTING & SUPPLY OF CALENDAR AND DIARIES FOR THE YEAR 2022
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CORRIGENDUM-2: Extension of Last Date for Bid Submission of the RFP No. WBSCB/POS/1.1 dated 29.09.2021
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Interest rate on deposit
Revision of Rate of Interest on Term Deposits with effect from 22nd January, 2021
Tenure |
Revised Rate (%) |
Less than Rs. 1.00 Cr. |
Rs. 1.00 Cr. & Above |
For General / Senior Citizen |
|
General |
Senior Citizen |
Rs. 1.00 Cr. and above but Less than Rs. 25.00 Cr. |
Rs. 25.00 Cr. and above but Less than Rs. 100.00 Cr. |
Rs. 100.00 Cr. and above |
07-14 days |
4.00 |
4.00 |
3.00 |
3.00 |
3.05 |
15-29 days |
4.05 |
4.05 |
3.00 |
3.05 |
3.10 |
30-45 days |
4.10 |
4.10 |
3.05 |
3.10 |
3.15 |
46-90 days |
4.15 |
4.15 |
3.10 |
3.15 |
3.20 |
91-180 days |
4.20 |
4.20 |
3.15 |
3.20 |
3.25 |
181 to 364 days |
4.50 |
4.50 |
3.20 |
3.25 |
3.30 |
1 year |
5.15 |
5.50 |
5.15 |
5.25 |
5.30 |
Above 1 year to less than 3 years |
5.10 |
5.45 |
3.50 |
3.55 |
3.60 |
3 yrs. to 5 yrs. |
5.50 |
6.10 |
3.35 |
3.35 |
3.35 |
More than 5 yrs. |
5.25 |
5.40 |
3.25 |
3.30 |
3.35 |
Revision of Interest rate on Special Scheme with effect from 22/01/2021 |
For MIS Individual for 3 years |
Revised Rate (%) |
Less than Rs. 1.00 Cr. |
Rs. 1.00 Cr & Above |
For Common People |
5.50 |
3.35 |
For Senior Citizens |
6.10 |
3.35 |
Interest on Statutory Fund like RF, BDRF and ACSF(Highest Rate for 1 Year tenure) |
Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund [To be verified with supporting documents including Audit Reports] |
Revised Rate (%) |
5.30 |
Revision of Rate of Interest on Term Deposits with effect from 4th May, 2020
Tenure |
Revised Rate (%) |
Less than Rs. 1.00 Cr. |
Rs. 1.00 Cr. & Above |
For General / Senior Citizen |
|
General |
Senior Citizen |
Rs. 1.00 Cr. and above but Less than Rs. 25.00 Cr. |
Rs. 25.00 Cr. and above but Less than Rs. 100.00 Cr. |
Rs. 100.00 Cr. and above |
07-14 days |
4.00 |
4.00 |
3.25 |
3.30 |
3.50 |
15-29 days |
4.00 |
4.00 |
3.30 |
3.50 |
4.00 |
30-45 days |
4.15 |
4.15 |
3.60 |
3.75 |
4.15 |
46-90 days |
4.50 |
4.50 |
3.75 |
4.00 |
4.20 |
91-180 days |
5.25 |
5.25 |
3.80 |
4.05 |
4.25 |
181 to 364 days |
5.50 |
5.50 |
4.50 |
5.00 |
5.50 |
1 year |
6.00 |
6.35 |
6.00 |
6.10 |
6.20 |
Above 1 year to less than 3 years |
6.00 |
6.60 |
4.25 |
4.50 |
4.75 |
3 yrs. to 5 yrs. |
5.90 |
6.15 |
4.25 |
4.25 |
4.25 |
More than 5 yrs. |
5.75 |
6.00 |
4.00 |
4.25 |
4.50 |
Revision of Interest rate on Special Scheme with effect from 4th May 2020 |
For MIS Individual for 3 years |
Revised Rate (%) |
Less than Rs. 1.00 Cr. |
Rs. 1.00 Cr & Above |
For Common People |
5.90 |
4.25 |
For Senior Citizens |
6.15 |
4.25 |
Interest on Statutory Fund like RF, BDRF and ACSF |
Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund [To be verified with supporting documents including Audit Reports] |
Revised Rate (%) |
6.20 |
Please note that:-
- No interest is paid if the deposit is held for the tenure below 7 days
- Acceptance of deposits/renewal of deposit of Rs. 1.00 cr and above is at the discretion of Bank's Authority
- In case of MIS, Interest will be paid on monthly basis at discounting rate.
- TDS applicable on Term deposits as per amendments in Finance Act time to time.
- TDS will be deducted on the interest earned during the financial year on the total amount of deposits held by a customer in the Bank as a whole, and not on individual deposits held by him branch-wise including Recurring Deposits.
All concerned are requested to do the needful in this regard.