Term Deposit

  Revised Deposit Rates
FIXED DEPOSITS/ NRO DEPOSITS
7 Days - 14 Days 4.00%
15 Days -29 Days 4.25%
30 Days -90 Days 4.25%
91 Days - 180 Days 5.75%
181 Days - 364 Days 6.25%
1 Year and Above - Upto 3 Years

7.25%

 

 

 

More than 3 years - Upto 5 years 7.00%
     
CUMULATIVE FIXED DEPOSIT
6 Months and above - less than 1 year 6.25%
1 year and above - Upto 3 years 7.25%
More than 3 years - Upto 5 years 7.00%
     
KAMDHENU DEPOSITS
For fixed period of 3 years 7.25%
     
KAL FLEXI DEPOSITS
15 Days to 181 Days 5.50%
     
DIAMOND KAL FLEXI DEPOSIT    
15 Days to 181 Days 5.75%
     
RECURRING DEPOSIT
1 year and above upto 3 years 7.25%
     
More than 3 years upto 5 years 7.00%
     
NRE DEPOSIT
1 year and above - upto 3 years 7.25%
     
More than 3 years - upto 5 years 7.00%
     
KAL DOUBLE DEPOSIT YOJANA 7.00%
  For 119 Months
 
     
DEPOSIT UNDER SECTION 80 C OF INCOME TAX ACT
REGULAR RATE 7.00%
STAFF RATE 8.00%
As per notification of Government, the said deposits are taken for 5 years and no FD-OD advances are to be sanctioned against that.
     
NON CALLABLE DEPOSITS 7.50% ( For Rs. 100.00 Lacs and above Deposits only)
KAL SHORT TERM DEPOSIT
 Interest Rate General Public/NRO/Sr.citizen/Super Sr. citizen 7.00% p.a.
Min. Period : 111 Days
Max. Period : 360 Days.
Golden Jubilee Deposit Scheme (777 Days)
Maximum Amount of Deposit to be place under the scheme Rs. 500.00 Lacs per customer
Auto Renew option availability No
Interest Rate  General Public/ NRX/ NRO : 8.00% p.a.
Senior citizen/ Super Senior citize : 8.25% p.a.
FDOD/Loan against FDR Facility  Loan Against FD : 90% of FDR as FDOD/Loan Against FD
FDOD/Loan Against FD interest rate : FD Rate + 1.00% (Same party/own funds) FDOD/Loan Against FD interest rate : FD Rate + 2.00% (Third party)

Other matters as mentioned below are unchanged:

  • Senior citizen (i.e. having age of 60 Years or more) will benefit of 0.50% higher interest rate on Deposits. However Deposits placed by Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Diamond Kal Flexi, Non-callable Deposits, Kal Double Deposit will not be eligible for such additional interest rate benefit.
  • Super senior citizens (who have completed 75 years) will get additional benefit of 0.25% i.e. total benefit of 0.75% higher interest rate on deposits. However Deposits placed by Super Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Diamond Kal Flexi, Non-callable Deposits, Kal Double Deposit will not be eligible for such additional interest rate benefit.
  • 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 want to avail benefit of additional interest rate on deposits then they have to place deposit for 1 year & above.
  • Staff members will continue to get 1% additional interest on Term deposits. If staff is senior citizen, he/she will continue to get additional interest benefit of 0.50% and super senior citizen will continue to get fi.Etber interest berefit of O.25%, subject to concerned staff having submitted declaration thatt monies deposited belongs him / her only
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