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Deposit Rate of Interest W.e.f. 01.04.2016
15 days to 45 days 5.50%
46 days to 90 days 6.00%
91 days to 180 days 6.50%
181 days to 270 days 7.00%
271 days to 364 days 7.25%
1 year and above 7.50%
Tax saving Scheme - 5 years 7.50%
Reserve Fund (Society), Risk fund (Society) , Special BDR (Society) ,ACSF(Society), Staff , Mini Deposit Agent and Jewel Appraiser Security deposit etc., Thrift Deposit Societies 8.50%

The Special Rate of Interest at 0.5% will be applicable to the Senior Citizens those who deposit for the period of one year and above.

In addition to the above, the branch managers are also advised to observe the following guidelines :

i) The special rate of interest is applicable to the serving employees/retired staff/ spouse of deceased staff members (Except daily wages and consolidated pay staff members) provided the deposit invested is for a period of one year and above.

ii) 0.50% will be applicable for bulk deposit i.e. `.1 Crore and above for irrespective periods.

iii) Government Employees who are availing Special Personal Loan from our bank.

iv) Additional interest of 0.50 % will be paid to the Co-op. Societies and in such case (ii) above is not applicable.

v) In regard to Liquid Assets Deposit, 0.50% additional interest may be allowed in addition to the normal rate of interest and in such case (ii and iv) above is not applicable.

vi) The special rate of interest is not applicable for Tax savings scheme (five year) deposits. (i.e. for staff members, retired staff members, and Senior citizens etc.)


The Special Rate of interest (0.50%) as applicable to the Senior Citizens shall also be eligible to the retired staff members/spouse of deceased staff members along with the additional rate of interest @ 1% over and above the normal rate of interest on deposits stipulated from time to time as specified in Bank’s Circular No.5/2002, dated 18.3.2002, subject to condition that the deposits should be invested for a minimum period of one year and above. The Special rate for staff and retired staff may be offered only if their name appears first in Either or Survivor or Former or Survivor or Joint Account.