Interest Rates on Deposits
Applicable interest Rates with effect from 01-06-2020 are as under.
| Period |
Interest Rates
For General Public (p.a) |
Interest Rates
for Senior Citizens (p.a) |
| 7 days to 14 days |
4.00 % |
4.00 % |
| 15 days to 29 days |
4.50 % |
4.50 % |
| 30 days to 90 days |
6.25 % |
6.75 % |
| 91 days to 180 days |
6.50 % |
7.00 % |
| 181 days to 1 year |
7.50 % |
8.00 % |
| Above 1 year to 3 years |
7.75 % |
8.25 % |
| Above 3 years |
7.50 % |
8.00 % |
| 450 Days (Cumulative & Simple) |
7.75% |
8.25% |
900 days (Vardhaman Smart Deposit Scheme)
Simple Interest Scheme. Interest will be paid on maturity along with principal. |
8.50 % (simple) |
9.00% (simple) |
Recurring Deposit:
| Period |
Interest Rates
For General Public (p.a) |
Interest Rates
for Senior Citizens (p.a) |
| Above 1 Year to 3 Years |
7.75 % |
8.25 % |
| Above 3 Years |
7.50 % |
8.00 % |
Other Points
(i) As per the directives of RBI, interest in a leap year shall be calculated taking number of days as 365.
(ii) Rate of interest are subject to change from time to time
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