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  3. Rate of Interest on Deposits has been revised with effect from 06/05/2016
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news and event

  • Request For Proposal For Appointment Of It Consultant On Retainer Basis.
    Know more
  • Corrigendum Notice against RFP no: HO/L&E/1715 dated 24.12.2020 for Printing & Supply of Printed Forms and Office Stationeries
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  • Tender Notice for Printing and Supply of Printed Forms and Office Stationeries
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  • Extension of Last Date of "Submission of Bidding Document" and "Date & Time of Technical Bid Opening" of RFP Reference:WBSCB/HW/2 Dated The 06th November 2020 For "Empanelment of Vendors for Supply, Installation & Maintenance of Servers, Storage, Desktops, Laptops and Computer Peripherals / Items".
    Know more

Rate of Interest on Deposits has been revised with effect from 06/05/2016

Revised Rates of Interest on Deposits With Effect From 06/05/2016

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. 10.00 Cr. Rs.10.00 Cr. and above
07-14 days 4.50 5.00 5.00 5.00 4.50
15-29 days 5.50 5.50 5.50 5.50 5.50
30-45 days 5.50 5.75 5.75 5.75 5.50
46-90 days 6.50 6.60 6.60 6.60 6.50
91-180 days 6.75 7.00 7.00 7.00 6.75
181 to 364 days 7.30 7.00 7.00 7.00 7.30
1 year 7.25 7.28 7.28 7.28 7.50
Above 1 year  to less than 3 years 7.15 7.18 7.18 7.18 7.65
3 yrs. to 5 yrs. 7.00 7.03 7.03 7.03 7.50
More than 5 yrs. 6.50 6.50 6.50 6.50 7.00

 

Revision of Interest Rate on Special Scheme with effect from 06/05/2016

For MIS Individual for 3 years Revised Rate (%)
For Common People 7.00
For Senior Citizens 7.50
Interest on Statutory Fund like RF, BDRF and ACSF
Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund Revised Rate (%)
7.50

Revised Rates of Interest on Deposits With Effect From 18/11/2015

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. 10.00 Cr. Rs.10.00 Cr. and above
07-14 days 5.00 5.25 5.50 5.75 5.00
15-29 days 5.00 5.50 6.00 6.25 5.00
30-45 days 5.25 5.50 6.00 6.25 5.25
46-90 days 6.75 7.00 7.25 7.50 6.75
91-180 days 7.50 7.50 7.50 7.50 7.50
181 to 364 days 7.50 7.55 7.55 7.55 7.50
1 year 7.75 7.78 7.50 7.50 8.25
Above 1 year  to less than 3 years 7.60 7.55 7.25 7.25 8.25
3 yrs. to 5 yrs. 7.60 7.55 7.25 7.25 8.25
More than 5 yrs. 7.60 7.55 7.25 7.25 8.25

 

Revision of Interest Rate on Special Scheme with effect from 18/11/2015

For MIS Individual for 3 years Revised Rate (%)
For Common People 7.60
For Senior Citizens 8.25
Interest on Statutory Fund like RF, BDRF and ACSF
Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund Revised Rate (%)
7.78
  • In case of MIS, Interest will be paid on monthly basis at discounting rate as per Industry Practice.

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