Public Deposit Scheme
Interest rates effective from 26/10/2019 on deposits below ₹ 20 CRORES
| TERM | INTEREST RATE P.A. FOR MONTHLY OPTION | INTEREST RATE P.A. FOR YEARLY OPTION | ON MATURITY UNDER CUMULATIVE SCHEME |
|---|---|---|---|
| Non-Cumulative Deposits | Cumulative & Non-Cumulative Deposits. | ₹ 10,000/- will Become | |
| 1 YEAR | 7.25% | 7.50% | ₹ 10,750/- |
| 18 MONTHS | 7.25% | 7.50% | ₹ 11,153/- |
| 2 YEARS | 7.25% | 7.55% | ₹ 11,567/- |
| 3 YEARS | 7.35% | 7.60% | ₹ 12,458/- |
| 5 YEARS | 7.35% | 7.60% | ₹ 14,423/- |
| Other Details : | Monthly Option | Yearly Option |
|---|---|---|
| Minimum Amount of Deposit | ₹ 2,00,000/- | ₹ 10,000/- |
| Additional Deposit in multiples of | ₹ 10,000/- | ₹ 1,000/- |
| Interest will be paid on Non-Cumulative Scheme | 1st day of the Month & on 31st March for the month of March | On 31st March. |
| Interest will be compounded | -- | Annually on Cumulative Deposits |
Interest rates effective from 26/10/2019 on deposits ₹ 20 CRORES & above
| TERM | INTEREST RATE P.A. FOR MONTHLY OPTION | INTEREST RATE P.A. FOR YEARLY OPTION | ON MATURITY UNDER CUMULATIVE SCHEME |
|---|---|---|---|
| Non Cumulative Deposits | Cumulative & Non Cumulative Deposits | ₹ 20 Crores will become | |
| 1 YEAR | 7.30% | 7.55% | ₹ 21,51,00,000/- |
| 18 MONTHS | 7.30% | 7.55% | ₹ 22,32,20,025/- |
| 2 YEARS | 7.30% | 7.60% | ₹ 23,15,55,200/- |
| 3 YEARS | 7.40% | 7.65% | ₹ 24,95,00,889/- |
| 5 YEARS | 7.40% | 7.65% | ₹ 28,91,34,667/- |
Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.
Corporate Deposit Scheme
Interest rates effective from 26.10.2019 on deposits below ₹ 20 CRORES*
Cumulative / Non - Cumulative scheme
| TERM | INTEREST RATE P.A. | ₹ 10,000/- WILL BECOME (cumulative scheme) |
|---|---|---|
| 1 YEAR | 7.50% | ₹ 10,750/- |
| 18 MONTHS | 7.50% | ₹ 11,153/- |
| 2 YEARS | 7.55% | ₹ 11,567/- |
| 3 YEARS | 7.60% | ₹ 12,458/- |
| 5 YEARS | 7.60% | ₹ 14,423/- |
*FOR RATE OF INTEREST ON DEPOSITS OF Rs. 20 CRORES & ABOVE : PLEASE CONTACT CORPORATE OFFICE
Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually.
If the total Public Deposits received from Single Deposit holder/s within a period of one calendar month becomes Rs. 20 Crs. or above,the interest rate applicable for New Deposit will be the rate applicable for Deposits of Rs. 20 Crs. & above.
