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Rate of Interest on Savings Bank Deposit with effect from 1st October 2018

Balance Rate of interest (p.a.)
Upto Rs.1.00 crore 3.55%
Over Rs.1.00 crore 4.00%

Rate of interest on Domestic Term Deposit with effect from 12th December 2016.

Period Existing Revised
15 days to 45 days 5.50% 5.25%
46 days to 90 days 6.00% 5.75%
91 days to 180 days 6.50% 6.25%
181 days to 270 days 7.00% 6.75%
271 days to 364 days 7.25% 6.75%
1 year to less than 2 years 7.25% 7.00%
2 years to less than 3 years 7.25% 7.00%
3 years and above 7.25% 7.00%
Tax Savings Scheme – 5 years 7.25% 7.00%
Reserve Fund (Society), Risk fund (Society) , Special BDR (Society) ,ACSF(Society), Staff , Mini Deposit Agent and Jewel Appraiser Security deposit etc., Thrift Deposit Societies 7.25% 7.00%

The revised interest rates will be applicable only for new/fresh deposits accepted on or after 12.12.2016 and on Term Deposits, maturing on or after the said date. Other terms and conditions regarding interest on pre-mature withdrawals, interest on loan against deposit, The Special Rate of Interest at 0.5% will be applicable to the Senior Citizens those who deposit for a period of one year and above.