Public Deposit Scheme
Interest rates effective from 26/08/2019 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 | 7.50% | 7.85% | ₹ 10,785/- |
| 18 MONTHS | 7.50% | 7.85% | ₹ 11,208/- |
| 2 YEARS | 7.55% | 7.90% | ₹ 11,642/- |
| 3 YEARS | 7.60% | 7.95% | ₹ 12,580/- |
| 5 YEARS | 7.60% | 7.95% | ₹ 14,659/- |
| 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 26/08/2019 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 | 7.55% | 7.90% | ₹ 21,58,00,000/- |
| 18 MONTHS | 7.55% | 7.90% | ₹ 22,43,24,100/- |
| 2 YEARS | 7.60% | 7.95% | ₹ 23,30,64,050/- |
| 3 YEARS | 7.65% | 7.95% | ₹ 25,15,92,642/- |
| 5 YEARS | 7.65% | 7.95% | ₹ 29,31,86,000/- |
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 26.08.2019 on deposits below ₹ 20 CRORES*
Cumulative / Non - Cumulative scheme
| TERM | INTEREST RATE P.A. | ₹ 10,000/- WILL BECOME (cumulative scheme) |
|---|---|---|
| 1 YEAR | 7.85% | ₹ 10,785/- |
| 18 MONTHS | 7.85% | ₹ 11,208/- |
| 2 YEARS | 7.90% | ₹ 11,642/- |
| 3 YEARS | 7.95% | ₹ 12,580/- |
| 5 YEARS | 7.95% | ₹ 14,659/- |
*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.
