Deposit Schemes
Interest rates on deposits effective from 15/04/2024
| Sr. No. | Type of Deposit | Interest Rate (%) | Senior Citizens |
|---|---|---|---|
| 1 | Savings Deposit | 3.25 | - |
| 2 | 7 days to 14 days | 3.50 | 4.00 |
| 3 | 15 days to 29 days | 3.75 | 4.25 |
| 4 | 30 days to 45 days | 4.25 | 4.75 |
| 5 | 46 days to 90 days | 4.50 | 5.00 |
| 6 | 91 days to 120 days | 5.00 | 5.50 |
| 7 | 121 days to 180 days | 5.50 | 6.00 |
| 8 | 181 days to 364 days | 5.75 | 6.25 |
| 9 | Up to 12 months (for 1 year) | 6.50 | 7.00 |
| 10 | More than 12 months, up to 13 months | 6.75 | 7.25 |
| 11 | More than 13 months, up to 18 months | 7.00 | 7.50 |
| 12 | More than 18 months, up to 24 months | 7.00 | 7.50 |
| 13 | More than 24 months, up to 36 months | 6.75 | 7.25 |
| 14 | More than 36 months, up to 60 months | 6.75 | 7.25 |
| 15 | More than 60 months, up to 120 months | 6.50 | 7.00 |
| Special Rate | ||
|---|---|---|
| Period | Interest Rate (%) | Senior Citizens |
| For 13 months | 7.80 | 8.30 |
Recurring Deposit
| Type of Deposit | Interest Rate (%) |
|---|---|
| 12 months to 36 months | 7.00 |
| 37 months to 60 months | 6.75 |
Recurring deposits will be taken in multiples of Rs. 100/-.
Senior citizens above 60 years will get an additional 0.50% interest.
Additional Interest for Charitable Trusts and Large Deposits
For periods of 12 months or more, charitable trusts (approved trusts), individuals, or firms will receive additional interest on the following amounts:
| Amount | Additional Interest Rate (%) |
|---|---|
| Rs. 15,00,000 to Rs. 49,99,999/- | 0.25 |
| Rs. 50,00,000 to Rs. 99,99,999/- | 0.30 |
| Rs. 1,00,00,000 to Rs. 1,99,99,999/- | 0.40 |
| Rs. 2,00,00,000 or more | 0.50 |