1. INTEREST RATES ON DEPOSITS W.E.F. 22.05.2024 | |||||
| Period | Existing Rates(%) | Revised Rates(%) | Revised Bulk Deposit 15 Lacs or above (%) | Revised Senior Citizen Bulk Deposit(%) |
| 15 days to 30 days | 5.50 | 5.75 | 6.10 | 6.10 |
| 31 days to 45 days | 5.50 | 5.75 | 6.10 | 6.10 |
| 46 days to 90 days | 6.00 | 6.25 | 6.60 | 6.60 |
| 91 days to 180 days | 6.25 | 6.50 | 6.85 | 7.35 |
| 181 days to 1 year | 6.75 | 7.00 | 7.35 | 7.85 |
| Above I year to 3 years | 7.25 | 7.50 | 7.85 | 8.35 |
| Above 3 years | 7.00 | 7.25 | 7.60 | 8.10 |
2. | Saving Bank Accounts W.E.F. 01.04.2021 | 3.00 Payable Half Yearly | No Change |
3. | Compulsory Deposit | 2.50 Payable Annually | No Change |
4. | Compulsory Deposit converted into Fixed Deposit | 3.5% Payable Quarterly | No Change |
5. | 0.50% extra interest will be admissible for Senior citizens, above the age of 60 years on deposits having maturity of 91 days & above. Increased from 0.35% to 0.50%. |
6. | Staff Members will be eligible for 1% extra interest on deposits of all maturities including Saving Bank accounts. |
7. | Charitable institutions will be eligible for 0.35% extra interest on deposits of all maturities |
8. | Bulk Deposits i.e. single FDR of Rs.15.00 lac or above will be admissible for 0.35% extra rate of interest. |
Copy of this Circular may please be displayed on Notice Board of Branch.
Branches are advised to take a careful note of the above and ensure meticulous compliance & implementation thereof.
(UPENDER GARG)
Chief Executive Officer
