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Interest Rates
RATE OF INTEREST : The Company has revised the rates of interest on Public Deposits with effect date from 01st September, 2017 as under.
RATE OF INTEREST APPLICABLE TO RETAIL DEPOSIT UP TO RS. 5 CRORE
Term Revised ROI per annum on Deposits from General Public Revised ROI per annum on Deposits from Senior Citizens up to Rs. 50,000/- Revised ROI per annum on Deposits from Senior Citizens above Rs. 51,000/- upto Rs. 5 cr
1 YEAR 7.30% p.a. 7.40% p.a. 7.55% p.a.
18 MONTHS 7.35% p.a. 7.45% p.a. 7.60% p.a.
2 YEAR 7.40% p.a. 7.50% p.a. 7.65% p.a.
3 YEAR 7.45% p.a. 7.55% p.a. 7.70% p.a.
5 YEAR 7.45% p.a. 7.55% p.a. 7.70% p.a.
Interest is Payable/Compoundable Annually.
 
FOR DEPOSIT MORE THAN RS. 5 CRORE
 
Term INTEREST RATE P.A.  5 CRORES WILL BECOME (cumulative scheme)
1 YEAR 7.20% p.a. 5,36,00,000/-
18 MONTHS 7.20% p.a. 5,55,29,600/-
2 YEAR 7.25% p.a. 5,75,12,813/-
3 YEAR 7.30% p.a.  6,17,68,801/-
5 YEAR 7.30% p.a.  7,11,16,212/-
 

 

 

 

 

 

CORPORATE DEPOSIT SCHEME

Deposits upto RS. 5 CRORE

Cumulative / Non - Cumulative scheme

Term INTEREST RATE P.A.

10,000/- WILL BECOME

(cumulative scheme)

1 YEAR 7.30% p.a. 10,730/-
18 MONTHS 7.35% p.a. 11,130/-
2 YEAR 7.40% p.a. 11.535/-
3 YEAR 7.45% p.a.  12,406/-
5 YEAR 7.45% p.a.  14,323/-
Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually. 

 

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