Deposits

Types Of Deposits

Saving Deposit

Customers open a savings account at the bank and bank pays interest for that money. Bank offers saving
account with minimum balance of Rs.200/- (without cheque book) and balance of Rs.1500/-(with
cheque book) @3.5% per annum.

 

Current Deposit

Account which is always catering for frequent deposits and withdrawls by cheque. It attracts ZERO interest

Term Deposit

Fixed/Reinvestment plans. Maximum period : 10 years.

Recurring Deposit

(RD) Deposit to which installment is monthly paid. Maximum period:10 years

Deposit Rate Of Interest with effect from 24.07.2023

 

 

Sl.No. Period Rate of Interest
Existing Revised
1 15 Days to 29 Days 4.00 4.00%
2 30 Days to 45 Days 4.25 4.25%
3 46 Days to 90 Days 4.75 4.75%
4 91 Days to 179 Days 5.00 5.00%
5 180 Days to 270 Days 5.50 5.50%
6 271 Days to 364 Days 5.75 5.75%
7 1 Year and above 7.00 7.25%
8 Senior Citizen/60 years above Additional 0.75% Additional 0.75%