Dear Sir,
INTEREST RATES
It has been decided in the meeting of Managing Committee of the Board held on 05th December 2022 to revise the interest rates on deposits of Senior Citizens with effect from 07th December 2022.
INTEREST RATES ON DEPOSITORS:
|
Nature of Deposit |
Existing interest rates |
Revised interest rates |
|
|
Current Account |
NIL |
NIL |
|
|
Savings Bank Account – balance less than Rs. 1 lac |
4.00% p. a |
3.50% p.a |
|
|
Savings Bank Account- Balance of Rs. 1 lac and above |
5.00% p.a |
4.50% p.a |
|
|
Term Deposits – Individuals
|
Existing interest rates (Normal & Senior Citizen) |
Revised interest rates for Normal |
Revised Interest Rates for Senior Citizen |
|
30 days and above and upto 90 days |
5.50% p.a (5.50%) |
5.50% p.a |
5.50% p.a |
|
91 days and above and upto 180 days |
5.50% p.a (6.25%) |
5.50% p.a |
6.00% p.a |
|
181 days and above and less than 12 months |
6.00% p.a (6.75%) |
6.00% p.a |
6.50% p.a |
|
12 months and above and up to 24 months |
6.75% p.a (7.50%) |
7.50% p.a |
8.00% p.a |
|
Above 24 months and above |
6.50% p.a (7.25%) |
7.25% p.a |
7.75% p.a |
|
TERM DEPOSITS- INSTITUTIONAL |
Existing interest rates |
Revised interest rates |
|
|
30 days and above and upto 90 days |
5.25 % p.a |
5.25 % p.a |
---- |
|
91 days and above and upto 180 days |
5.25% p.a |
5.50% p.a |
---- |
|
181 days and above and less than 12 months |
5.75% p.a |
6.00% p.a |
---- |
|
12 months and above up to 24 months |
6.50% p.a |
6.75% p.a |
---- |
|
Above 24 months and above |
6.25% p.a |
6.50% p.a |
---- |