news and event
-
CORRIGENDUM-3 : Postponement of RFP No. WBSCB/POS/1.1 dated 29.09.2021 for Procurement of Point-of-Sale Devices
-
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
Know more
-
CORRIGENDUM-2: Extension of Last Date for Bid Submission of the RFP No. WBSCB/POS/1.1 dated 29.09.2021
Know more
-
CORRIGENDUM- 1 issued against RFP No. WBSCB/TENDER/CCTV/1.1 dated 04.10.2021 for Supply and Installation of CCTV and Surveillance System
Know more
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.
Screen Reader Access
