Term Deposit

Revised rate of interest on Fixed deposite is mentioned below. The said rates shall be applicable w.e.f 16-AUG-2017

  Revised Deposit Rates
  For less than 100.00 Lacs 100.00 Lacs or more
     
FIXED DEPOSITS/ NRO DEPOSITS
7 Days - 14 Days 4.00% 3.75%
15 Days -29 Days 4.25% 4.00%
30 Days -90 Days 4.25% 4.00%
91 Days - 180 Days 5.75% 5.50%
181 Days - 364 Days 6.25% 6.00%
1 Year and Above - Upto 2 Years 6.75%

 

6.50%

 

More than 2 years - Upto 5 years 6.50% 6.25%
     
CUMULATIVE FIXED DEPOSIT
6 Months and above - less than 1 year 6.25% 6.00%
1 year and above - Upto 2 years 6.75% 6.50%
More than 2 years - Upto 5 years 6.50% 6.25%
     
KAMDHENU DEPOSITS
For fixed period of 3 years 6.50% 6.25%
     
KAL FLEXI DEPOSITS
15 Days to 181 Days 5.00% 5.00%
     
DIAMOND KAL FLEXI DEPOSIT    
15 Days to 181 Days 5.50%
     
RECURRING DEPOSIT
1 year and above  upto 2 years 6.75% 6.50%
     
More than 2 years upto 5 years 6.50% 6.25%
     
NRE DEPOSIT
1 year and above - upto 2 years 6.75% 6.50%
     
More than 2 years - upto 5 years 6.50% 6.25%
     
KAL DOUBLE DEPOSIT YOJANA 6.50%
  For 129 Months
*As per Revised rate of 6.50%, Amount will be doubled in 129 Months.
     
DEPOSIT UNDER SECTION 80 C OF INCOME TAX ACT
REGULAR RATE 6.50%
STAFF RATE 7.50%
As per notification of Government, the said deposits are taken for 5 years and no FDOD advances are to be sanctioned against that.

Other matters as mentioned below are unchanged:

  • Senior citizen (i.e. having age of 60 Years or more) will continue to get benefit of 0.50% higher interest rate on Deposits. However Deposits put up by Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Kal Double deposit will not be eligible for such additional interest rate benefit.
  • Super senior citizen ( who have completed 75 years) will continue to get additional benefit of 0.25% i.e. total benefit of 0.75% higher interest rate on deposits. However Deposits put up by Super Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Kal Double deposit will not be eligible for such additional interest rate benefit.
  • Staff members will continue to get 1% additional interest on Fixed deposits. If staff is senior citizen, he will continue to get additional interest benefit of 0.50% and super senior citizen will continue to get further interest benefit of 0.25%.
  • Senior citizens and super senior citizens will not get benefit of additional interest rate on deposits having maturity of less than 1 year. This means that if senior citizen/ super senior citizen wants to avail benefit of additional interest rate on deposits then they have to put deposit for more than 1 year.

Auto renewal facility is available for all schemes except for NRE/NRO and Kal Double Deposit scheme.

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