Interest Rates
Public Deposit Scheme
Interest rates effective from 15/04/2019 on deposits below ₹ 20 CRORES
| TERM | INTEREST RATE P.A. | INTEREST RATE P.A. | ₹ 10,000/- WILL BECOME |
|---|---|---|---|
| Monthly Option for Non-Cumulative Deposits | Yearly Option for Cumulative & Non-Cumulative Deposits. | Cumulative Scheme | |
| 1 YEAR | 7.80% | 8.15% | ₹ 10,815/- |
| 18 MONTHS | 7.80% | 8.15% | ₹ 11,256/- |
| 2 YEAR | 7.85% | 8.20% | ₹ 11,707/- |
| 3 YEAR | 7.90% | 8.25% | ₹ 12,685/- |
| 5 YEAR | 8.00% | 8.30% | ₹ 14,898/- |
| 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 |
Senior Citizens : Additional interest @ 0.25% p.a. (for deposits ₹ 10,000/- to below ₹ 20 Crores) on all tenures.
Interest rates effective from 15/04/2019 on deposits ₹ 20 CRORES & above
| TERM | INTEREST RATE P.A. | INTEREST RATE P.A. | ₹ 20 CRORES WILL BECOME |
|---|---|---|---|
| Monthly Option for Non Cumulative Deposits. | Yearly Option for Cumulative & Non Cumulative Deposits | Cumulative Scheme | |
| 1 YEAR | 7.90% | 8.30% | ₹ 21,66,00,000/- |
| 18 MONTHS | 7.90% | 8.30% | ₹ 22,55,88,900/- |
| 2 YEAR | 8.00% | 8.40% | ₹ 23,50,11,200/- |
| 3 YEAR | 8.00% | 8.40% | ₹ 25,47,52,141/- |
| 5 YEAR | 8.05% | 8.50% | ₹ 30,07,31,338/- |
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 05.11.2018 on deposits below ₹ 20 CRORES*
Cumulative / Non - Cumulative scheme
| TERM | INTEREST RATE P.A. | ₹ 10,000/- WILL BECOME (cumulative scheme) |
|---|---|---|
| 1 YEAR | 8.15% | ₹ 10,815/- |
| 18 MONTHS | 8.15% | ₹ 11,256/- |
| 2 YEARS | 8.20% | ₹ 11,707/- |
| 3 YEARS | 8.25% | ₹ 12,685/- |
| 5 YEARS | 8.30% | ₹ 14,898/- |
Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually
