RATE OF INTEREST (%) p.a. ON TERM DEPOSITS
w.e.f 01/05/2007
Period
General
Domestic Deposits
Trusts, Co-op.Soc, Edu. Institution
Senior Citizens
15 days to 91 days
5.50
5.50
5.50
91 days to 181 days
6.00
6.00
6.00
182 days upto 12 months
6.50
6.50
6.50
Above 12 months upto 15 months.
9.00
10.00
10.00
Above 15 months upto 24 months.
9.50
10.00
10.00
Above 24months upto 36 months.
9.25
9.50
9.50
Above 36months upto 60 months.
8.75
9.25
9.50
60 months Tax exemption scheme
9.00
N.A.
9.50
Above 60 months upto 120 months.
8.00
8.50
9.25
* Applicable for fresh deposits accepted from 01/05/2007 onwards and renewals coming into effect from 01/05/2007 .
The Special Scheme for Senior Citizen is introduced for the period of 37 months to 60 months with 8.5% interest, payable on monthly and quarterly basis.
A special scheme for minor depositors is introduced
with
special rate of interest the details are -
Minimum period 2 years
Period
Rate of Interest
2 yrs upto less than 3 yrs
8.25%
3 yrs upto less than 5 yrs
8.50%
5 yrs
8.50%
Flexi-fixed deposit linked with Savings Account -
Period
Rate of Interest
Rate of interest on Flexi-Fixed Deposit for a period of 30 days
5.00%
The above rates are not applicable for the deposits accepted in the category of Bank Deposits.
For non Scheduled Urban Co-operative Banking sector the following rates will be applicable
