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Revision of Rate of Interest on Term Deposits with effect from 26 th February, 2018 (Monday)
| Tenure | Revised Rate (%) | ||||
| For General | Senior Citizen | ||||
| Less than Rs.1.00 Cr. | Rs.1.00 Cr. and above but Less than Rs. 5.00 Cr. | Rs.5.00 Cr. and above but Less than Rs. 25.00 Cr. | Rs.25.00 Cr. and above | ||
| 07-14 days | 4.00 | 4.00 | 4.00 | 5.00 | 4.00 |
| 15-29 days | 4.00 | 4.00 | 4.25 | 4.50 | 4.00 |
| 30-45 days | 4.50 | 4.00 | 4.25 | 5.50 | 4.50 |
| 46-90 days | 6.00 | 4.25 | 4.40 | 6.00 | 6.00 |
| 91-180 days | 6.55 | 6.00 | 6.00 | 6.00 | 6.55 |
| 181 to 364 days | 6.25 | 6.00 | 6.00 | 6.00 | 6.25 |
| 1 year | 6.75 | 6.75 | 6.80 | 6.88 | 7.25 |
| Above 1 year to less than 3 years | 6.60 | 4.75 | 5.00 | 5.25 | 7.30 |
| 3 yrs. to 5 yrs. | 6.25 | 4.25 | 4.25 | 4.25 | 6.75 |
| More than 5 yrs. | 5.75 | 4.00 | 4.25 | 4.50 | 6.50 |
|
Revision of Interest rate on Special Scheme with effect from 01/11/2017 |
|
| For MIS Individual for 3 years | Revised Rate (%) |
| For Common People | 6.25 |
| For Senior Citizens | 6.75 |
| Interest on Statutory Fund like RF, BDRF and ACSF | |
| Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund | Revised Rate (%) |
| 6.88 | |
Please note that:-
TDS will be deducted on the interest earned 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.
TDS will be deducted on the interest earned 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.
Revision of Rate of Interest on Term Deposits with effect from 1st November, 2017 (Wednesday)
| Tenure | Revised Rate (%) | ||||
| For General | Senior Citizen | ||||
| Less than Rs.1.00 Cr. | Rs.1.00 Cr. and above but Less than Rs. 5.00 Cr. | Rs.5.00 Cr. and above but Less than Rs. 25.00 Cr. | Rs.25.00 Cr. and above | ||
| 07-14 days | 4.00 | 4.00 | 4.00 | 5.00 | 4.00 |
| 15-29 days | 4.00 | 4.00 | 4.25 | 4.50 | 4.00 |
| 30-45 days | 4.50 | 4.00 | 4.25 | 4.50 | 4.50 |
| 46-90 days | 5.00 | 4.25 | 4.40 | 4.75 | 5.00 |
| 91-180 days | 6.25 | 6.00 | 6.10 | 6.30 | 6.25 |
| 181 to 364 days | 6.50 | 5.00 | 5.10 | 5.30 | 6.50 |
| 1 year | 6.90 | 6.00 | 6.80 | 7.02 | 7.30 |
| Above 1 year to less than 3 years | 6.60 | 4.75 | 5.00 | 5.25 | 7.30 |
| 3 yrs. to 5 yrs. | 6.25 | 4.25 | 4.50 | 4.75 | 6.75 |
| More than 5 yrs. | 6.00 | 4.00 | 4.25 | 4.50 | 6.50 |
|
Revision of Interest rate on Special Scheme with effect from 01/11/2017 |
|
| For MIS Individual for 3 years | Revised Rate (%) |
| For Common People | 6.25 |
| For Senior Citizens | 6.75 |
| Interest on Statutory Fund like RF, BDRF and ACSF | |
| Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund | Revised Rate (%) |
| 6.87 | |
Please note that:-
TDS will be deducted on the interest earned 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.
