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INTEREST RATES ON TERM DEPOSITS


 

 

INTEREST RATES ON TERM DEPOSITS (EFFECTIVE FROM 01.12.2020)

Period

Rate of Interest (from 01.12.2020)

31 Days to 60 Days

3.50%

61Days to 90 Days

4.00%

91 Days to 6 Months

5.00%

Above 6 months to 364 Days

6%

1  to below 2 Years

6.50%

2 to 3 Years

6.75%

Above 3 Years to 5 Years

6.25%

5 years and above

6.00%

 

 

 

 

 

 

 

*0.5% additional interest for deposits for 1 year & above for senior citizens, registered societies, educational institutions and other charitable institutions.

* Saving bank rate of Interest 3.25% p.a.

 


 


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