Deposits
TYPES OF DEPOSITS:
- CURRENT DEPOSIT
- SAVING DEPOSIT
- RECURRING DEPOSIT
- TERM DEPOSIT
A) FIXED DEPOSITS
B) RE-INVESTMENT PLANS
The Rate of Interest on Deposits with effect from 01.03.2011
|
Period |
Rate of Interest |
|
15 to 45 days |
4.00 |
|
46 to 90 days |
6.00 |
|
91 to 180 days |
7.00 |
|
181 less than 1 year |
7.50 |
|
1 year to below 18 months |
8.25 |
|
18 months to below 3 years |
9.00 |
|
3 years & above |
9.75 |
Senior citizens are offered an extra 0.50% interest on term deposits.
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