Deposit Interest Rates

Interest on Deposits(w.e.f 01.05.2017)

Deposit Genaral Interest Rate Deposit rate on senior citizens
30 days to 45 days 4.50 % 4.50 %
46 days to  90 days 5.50 % 5.50 %
91 days to 180 days 6.00 % 6.00 %
181 days to 1Year 6.50 % 6.50 %
1 Year And Above 7.00 % 7.50 %
kuber fix deposit

Plus and a half times
71 month 66 moth
 Double addition 120 month 112 month
Monthly Income Scheme (MIS)
above 1 year 6.95 % 7.45 %
Recurring Deposit
  above 1 year 6.00 % 6.50 %

[0.50% more for senior citizens]

* Interest on Saving Account @ 4.00 % on Daily products basis from May 2011

 

TDS DEDUCTION : ON YEARLY INTEREST AMOUNT ABOVE Rs. 10000.00

General : 10.00 %

Submit form No.15G/15H and Rule-28AB for non Deduction of TDS

BANK IS AUTHORISED TO ACCEPT DEPOSITS OF PUBLIC TRUSTS

DEPOSITS UP TO Rs.1-LAC ARE COVERED UNDER DEPOSIT INSURANCE SCHEME

SENIOR CITIZENS ( ABOVE 60 YEARS OF AGE) GET 0.50% MORE IN TERM-DEPOSIT,KUBER FIX DEPOSIT SCHEME

15G      15H

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