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Interest Rate

  • Terms & Conditions

    In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give below the effective annualized rates of return on Bank’s cumulative deposit schemes, under the Re-investment Plan, on quarterly compounding basis: (% p.a.)

    • For deposits less than Rs.2 Cr
    • For deposits of Rs.2 Cr & above but less than Rs.10 Cr
    Maturity For deposits less than Rs.2 Cr For deposits of Rs.2 Cr & above but less than Rs.10 Cr
    Rate of Interest % (p.a.) Annualized Rate of Return at minimum of the maturity bucket % Rate of Interest % (p.a.) Annualized Rate of Return at minimum of the maturity bucket %
    180 days to 269 days 4.75 4.78 3.25 3.26
    270 days to less than 1 Year 4.75 4.81 3.25 3.28
    1 Year & above but less than 2 Years 5.35 5.46 3.50 3.55
    2 Years to less than 3 years 5.25 5.50 3.50 3.61
    3 Years to less than 5 years 5.25 5.65 3.50 3.67
    5 years to less than 8 years 5.25 5.96 3.50 3.81
    8 years & above to 10 years 5.25 6.47 3.50 4.02
    • For deposits of Rs.10 Cr & above

    Please contact the nearest Branch

 

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